Vince Holding Corp. (NASDAQ:VNCE) Shares Shorted: Short Interest Up 338.1% in September

Vince Holding Corp. (NASDAQ:VNCE) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 296,884 shares, an increase of 338.1% from the August 31st total of 67,773 shares. Based on an average daily volume of 631,301 shares, the short-interest ratio is currently 0.5 days. Currently, 5.3% of the shares of the stock are sold short.

Institutional Trading of Vince

A hedge fund recently bought a new position in Vince stock. AXQ Capital LP purchased a new stake in shares of Vince Holding Corp. (NASDAQ:VNCE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,615 shares of the company’s stock, valued at approximately $83,000. AXQ Capital LP owned approximately 0.09% of Vince at the end of the most recent quarter. Hedge funds and other institutional investors own 16.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VNCE shares. Zacks Research upgraded Vince from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Noble Financial restated an “outperform” rating on shares of Vince in a report on Friday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vince in a research report on Friday, September 18th. Finally, Wall Street Zen raised Vince from a “hold” rating to a “strong-buy” rating in a report on Saturday, September 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Vince presently has a consensus rating of “Buy”.

Vince Trading Up 3.2%

Shares of Vince stock traded up $0.36 during trading on Friday, hitting $11.50. The stock had a trading volume of 678,313 shares, compared to its average volume of 535,674. Vince has a 1 year low of $1.95 and a 1 year high of $12.99. The stock has a 50 day simple moving average of $7.03 and a 200 day simple moving average of $5.34. The company has a quick ratio of 0.46, a current ratio of 1.49 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $148.81 million, a PE ratio of 20.18 and a beta of 1.37.

Vince (NASDAQ:VNCE) last issued its quarterly earnings results on Thursday, September 10th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.27 by $0.75. Vince had a net margin of 2.42% and a return on equity of 31.35%. The business had revenue of $81.79 million during the quarter, compared to the consensus estimate of $81.03 million. On average, research analysts expect that Vince will post 1.39 EPS for the current fiscal year.

Vince Company Profile

Vince Holding Corp. is a New York-based apparel company that operates the Vince brand, which focuses on modern luxury and contemporary clothing, accessories and footwear for women and men. Its products are known for minimalist design, premium materials and an emphasis on everyday wardrobe essentials, including knitwear, dresses, tops, bottoms, outerwear, shoes and handbags.

The company sells its products through a combination of company-operated retail stores, its e-commerce platform and wholesale channels.