Vince Holding Corp. (NYSE:VNCE) Sees Large Drop in Short Interest

Vince Holding Corp. (NYSE:VNCE) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 195,000 shares, a decrease of 24.0% from the February 28th total of 256,500 shares. Based on an average daily volume of 2,410,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.7% of the shares of the company are short sold.

Vince Stock Performance

Shares of VNCE opened at $1.96 on Monday. The stock has a market capitalization of $24.65 million, a P/E ratio of 5.28 and a beta of 1.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.64 and a current ratio of 1.74. Vince has a 1 year low of $1.27 and a 1 year high of $6.89. The company’s fifty day moving average is $2.73 and its two-hundred day moving average is $2.49.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Vince from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Insider Activity at Vince

In other news, major shareholder Rodger R. Krouse sold 7,218,385 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $2.33, for a total value of $16,818,837.05. Following the completion of the sale, the insider now directly owns 1,262,933 shares of the company’s stock, valued at approximately $2,942,633.89. This represents a 85.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Vince by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock valued at $123,000 after acquiring an additional 3,731 shares during the period. National Bank of Canada FI acquired a new stake in shares of Vince in the fourth quarter valued at about $29,000. Finally, Jane Street Group LLC purchased a new stake in Vince during the fourth quarter worth about $86,000. 16.11% of the stock is currently owned by institutional investors and hedge funds.

About Vince

Vince Holding Corp. provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale, Vince Direct-to-Consumer segments. The company offers a range of men's and women's products, such as cashmere sweaters, silk blouses, leather and suede products, and jackets, dresses, skirts, pants, t-shirts, footwear, outerwear, and accessories, as well as woven shirts, core and fashion pants, and blazers under the Vince brand.