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

Vince Holding Corp. (NYSE:VNCE) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 195,000 shares, a drop of 24.0% from the February 28th total of 256,500 shares. Approximately 5.7% of the shares of the stock are short sold. Based on an average trading volume of 2,410,000 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Insider Transactions at Vince

In other Vince news, major shareholder Rodger R. Krouse sold 7,218,385 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $2.33, for a total value of $16,818,837.05. Following the transaction, the insider now directly owns 1,262,933 shares of the company’s stock, valued at $2,942,633.89. This represents a 85.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Vince

Several institutional investors have recently added to or reduced their stakes in VNCE. National Bank of Canada FI acquired a new position in Vince during the fourth quarter worth $29,000. Jane Street Group LLC acquired a new position in Vince in the 4th quarter valued at $86,000. Finally, Geode Capital Management LLC increased its position in Vince by 12.4% during the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock worth $123,000 after acquiring an additional 3,731 shares during the period. 16.11% of the stock is owned by institutional investors.

Vince Price Performance

Shares of VNCE stock opened at $1.98 on Wednesday. Vince has a 12 month low of $1.27 and a 12 month high of $6.89. The firm has a market cap of $25.02 million, a price-to-earnings ratio of 5.36 and a beta of 1.39. The company has a quick ratio of 0.64, a current ratio of 1.74 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average price of $2.69 and a 200 day moving average price of $2.49.

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.