Vince Holding Corp. (NASDAQ:VNCE) Short Interest Up 399.1% in June

Vince Holding Corp. (NASDAQ:VNCE) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 77,457 shares, an increase of 399.1% from the May 31st total of 15,518 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 172,155 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Vince

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in shares of Vince in the fourth quarter worth approximately $44,000. Algert Global LLC purchased a new stake in Vince during the third quarter valued at approximately $57,000. Dimensional Fund Advisors LP increased its holdings in Vince by 46.1% during the first quarter. Dimensional Fund Advisors LP now owns 48,399 shares of the company’s stock valued at $117,000 after buying an additional 15,266 shares during the last quarter. Jane Street Group LLC bought a new position in Vince in the fourth quarter worth approximately $148,000. Finally, Goldman Sachs Group Inc. bought a new position in Vince in the fourth quarter worth approximately $151,000. Hedge funds and other institutional investors own 16.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen downgraded Vince from a “buy” rating to a “hold” rating in a report on Saturday. Noble Financial restated an “outperform” rating on shares of Vince in a research note on Wednesday, June 17th. Weiss Ratings raised shares of Vince from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Zacks Research lowered shares of Vince from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Vince has an average rating of “Hold” and an average target price of $4.50.

Vince Price Performance

NASDAQ VNCE opened at $7.76 on Friday. The stock has a market capitalization of $99.72 million, a price-to-earnings ratio of 11.09 and a beta of 1.38. Vince has a 1-year low of $1.19 and a 1-year high of $8.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.74 and a quick ratio of 0.47. The business’s fifty day moving average price is $4.93 and its 200-day moving average price is $3.64.

Vince (NASDAQ:VNCE) last issued its quarterly earnings data on Tuesday, June 16th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.03). Vince had a return on equity of 15.85% and a net margin of 2.97%.The firm had revenue of $64.03 million during the quarter, compared to the consensus estimate of $63.05 million. On average, equities analysts predict that Vince will post 0.59 earnings per share for the current year.

Vince Company Profile

Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally. It operates through three segments: Vince Wholesale, Vince Direct-to-Consumer, and Rebecca Taylor and Parker. The company 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, footwear, outerwear, and accessories; and men’s products comprising t-shirts, knit and woven tops, sweaters, denims, pants, blazers, footwear, and outerwear under the Vince brand.