Vince Holding Corp. (VNCE) Short Interest Down 31.7% in August
Vince Holding Corp. (NYSE:VNCE) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 3,474,646 shares, a drop of 31.7% from the August 15th total of 5,085,289 shares. Based on an average daily trading volume, of 211,830 shares, the short-interest ratio is presently 16.4 days. Approximately 16.8% of the shares of the stock are short sold.
Vince Holding Corp. (VNCE) opened at 0.59 on Wednesday. The stock’s 50 day moving average is $0.50 and its 200-day moving average is $0.76. The stock’s market capitalization is $29.19 million. Vince Holding Corp. has a 52 week low of $0.28 and a 52 week high of $6.21.
Vince Holding Corp. (NYSE:VNCE) last released its earnings results on Thursday, September 7th. The textile maker reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.13). Vince Holding Corp. had a negative return on equity of 120.03% and a negative net margin of 68.88%. The business had revenue of $60.82 million during the quarter. Equities research analysts forecast that Vince Holding Corp. will post ($0.11) EPS for the current year.
Separately, ValuEngine cut shares of Vince Holding Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $3.17.
In other Vince Holding Corp. news, Director Marc J. Leder acquired 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, with a total value of $8,024,061.15. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Sun Capital Partners V. Lp acquired 13,373,435 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average cost of $0.45 per share, with a total value of $6,018,045.75. The disclosure for this purchase can be found here. Company insiders own 58.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its holdings in shares of Vince Holding Corp. by 15.0% in the 4th quarter. Teachers Advisors LLC now owns 45,141 shares of the textile maker’s stock worth $183,000 after purchasing an additional 5,883 shares in the last quarter. Cove Street Capital LLC bought a new stake in shares of Vince Holding Corp. in the 1st quarter worth approximately $542,000. Vanguard Group Inc. raised its holdings in shares of Vince Holding Corp. by 69.7% in the 2nd quarter. Vanguard Group Inc. now owns 857,522 shares of the textile maker’s stock worth $404,000 after purchasing an additional 352,097 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Vince Holding Corp. by 314.3% in the 1st quarter. California Public Employees Retirement System now owns 84,360 shares of the textile maker’s stock worth $131,000 after purchasing an additional 64,000 shares in the last quarter. Institutional investors and hedge funds own 14.22% of the company’s stock.
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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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