Vince Holding Corp. (VNCE) Sees Significant Drop in Short Interest

Vince Holding Corp. (NYSE:VNCE) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 312,877 shares, a decline of 90.6% from the October 13th total of 3,317,137 shares. Based on an average daily trading volume, of 47,584 shares, the short-interest ratio is currently 6.6 days. Currently, 10.2% of the shares of the stock are sold short.

In related news, Director Marc J. Leder purchased 17,831,247 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was acquired at an average cost of $0.45 per share, for a total transaction of $8,024,061.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sun Capital Partners V. Lp purchased 13,373,435 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was bought at an average price of $0.45 per share, with a total value of $6,018,045.75. The disclosure for this purchase can be found here. 74.00% of the stock is currently owned by insiders.

An institutional investor recently raised its position in Vince Holding Corp. stock. Vanguard Group Inc. increased its position in Vince Holding Corp. (NYSE:VNCE) by 69.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 857,522 shares of the textile maker’s stock after purchasing an additional 352,097 shares during the period. Vanguard Group Inc. owned 1.73% of Vince Holding Corp. worth $404,000 at the end of the most recent reporting period.

Separately, ValuEngine upgraded Vince Holding Corp. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.17.

Vince Holding Corp. (VNCE) traded up $0.05 on Thursday, reaching $3.27. The company had a trading volume of 6,909 shares, compared to its average volume of 75,103. The company has a debt-to-equity ratio of -2.19, a quick ratio of 0.74 and a current ratio of 1.79. Vince Holding Corp. has a 12-month low of $2.80 and a 12-month high of $52.50.

Vince Holding Corp. (NYSE:VNCE) last posted its earnings results on Thursday, September 7th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.13). The business had revenue of $60.82 million for the quarter. Vince Holding Corp. had a negative net margin of 68.88% and a negative return on equity of 120.03%.

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Vince Holding Corp. Company Profile

Vince Holding Corp. (Vince) is a United States-based company, which offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. The Company operates as a fashion brand. The Company operates in two segments: Wholesale and Direct-to-consumer. The Company’s Wholesale segment consists of its operations to distribute products to various department stores and specialty stores in the United States and select international markets.

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