Short Interest in Vince Holding Corp. (NYSE:VNCE) Declines By 24.0%

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Vince

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in Vince by 12.4% in the fourth 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 bought a new stake in shares of Vince during the 4th quarter worth $29,000. Finally, Jane Street Group LLC purchased a new position in Vince in the fourth quarter worth $86,000. Hedge funds and other institutional investors own 16.11% of the company’s stock.

Vince Stock Performance

NYSE:VNCE opened at $1.98 on Wednesday. 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 firm has a market cap of $25.02 million, a price-to-earnings ratio of 5.36 and a beta of 1.39. Vince has a 52-week low of $1.27 and a 52-week high of $6.89. The business’s fifty day moving average is $2.69 and its 200 day moving average is $2.49.

Analyst Upgrades and Downgrades

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

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.