Vince Holding Corp (NYSE:VNCE) Sees Significant Decline in Short Interest

Vince Holding Corp (NYSE:VNCE) saw a large drop in short interest in July. As of July 15th, there was short interest totalling 108,300 shares, a drop of 16.5% from the June 30th total of 129,700 shares. Based on an average daily volume of 48,900 shares, the days-to-cover ratio is presently 2.2 days. Currently, 3.9% of the shares of the company are sold short.

Several hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new stake in Vince in the first quarter valued at about $50,000. Nuveen Asset Management LLC bought a new stake in Vince in the first quarter valued at about $41,000. Renaissance Technologies LLC increased its holdings in Vince by 54.2% in the fourth quarter. Renaissance Technologies LLC now owns 253,352 shares of the textile maker’s stock valued at $4,386,000 after purchasing an additional 89,001 shares during the last quarter. Bank of America Corp DE increased its holdings in Vince by 133.5% in the fourth quarter. Bank of America Corp DE now owns 4,345 shares of the textile maker’s stock valued at $75,000 after purchasing an additional 2,484 shares during the last quarter. Finally, Fore Capital LLC bought a new stake in Vince in the first quarter valued at about $39,000. Institutional investors own 10.67% of the company’s stock.

Vince stock opened at $4.57 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.27. The firm has a market cap of $53.80 million, a P/E ratio of 21.76 and a beta of 2.64. The business’s fifty day moving average is $5.46 and its two-hundred day moving average is $8.01. Vince has a 52 week low of $3.16 and a 52 week high of $27.63.

Vince (NYSE:VNCE) last released its earnings results on Tuesday, June 16th. The textile maker reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.12). The firm had revenue of $104.41 million for the quarter. Vince had a return on equity of 3.00% and a net margin of 16.91%. On average, equities research analysts predict that Vince will post -3.08 earnings per share for the current year.

Several analysts have recently weighed in on the company. Zacks Investment Research raised Vince from a “sell” rating to a “hold” rating in a report on Friday, July 10th. TheStreet raised Vince from a “d” rating to a “c-” rating in a research note on Thursday, June 11th. Finally, ValuEngine raised Vince from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd.

About Vince

Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally. The company operates in two segments, Wholesale and Direct-To-Consumer. It offers a range of women's products, such as cashmere sweaters, silk blouses, leather and suede leggings and jackets, dresses, skirts, denims, pants, T-shirts, handbags, footwear, and outerwear; and men's products comprising T-shirts, knit and woven tops, sweaters, denim, pants, blazers, footwear, and outerwear under the Vince brand.

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