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

Vince Holding Corp. (NYSE:VNCE) saw 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. Currently, 5.7% of the company’s stock are short sold. Based on an average daily volume of 2,410,000 shares, the short-interest ratio is presently 0.1 days.

Vince Price Performance

VNCE stock traded up $0.06 during trading on Tuesday, reaching $1.98. 23,236 shares of the company were exchanged, compared to its average volume of 642,293. Vince has a 52-week low of $1.27 and a 52-week high of $6.89. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.64 and a current ratio of 1.74. The company has a market cap of $25.02 million, a P/E ratio of 5.36 and a beta of 1.39. The stock’s 50 day moving average price is $2.69 and its 200 day moving average price is $2.49.

Analyst Ratings Changes

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

Insider Buying and Selling at Vince

In other news, major shareholder Rodger R. Krouse sold 7,218,385 shares of the 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 owns 1,262,933 shares in the company, valued at approximately $2,942,633.89. This represents a 85.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Vince

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

Vince Company Profile

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.