Vince Holding Corp. (NASDAQ:VNCE) Sees Significant Increase in Short Interest

Key Points

• Vince’s short interest surged 338.1% to 296,884 shares as of September 15, representing 5.3% of the company’s outstanding stock.
• Analyst sentiment was broadly positive: Zacks Research and Wall Street Zen upgraded the stock to “strong buy,” while Noble Financial maintained an “outperform” rating. MarketBeat reported a consensus rating of “Buy.”
• Vince exceeded quarterly earnings expectations, reporting $1.02 in EPS versus the $0.27 consensus estimate and revenue of $81.79 million compared with estimates of $81.03 million.

Vince Holding Corp. (NASDAQ:VNCE - Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 296,884 shares, an increase of 338.1% from the August 31st total of 67,773 shares. Currently, 5.3% of the company's stock are short sold. Based on an average daily volume of 631,301 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VNCE. Zacks Research upgraded Vince from a "hold" rating to a "strong-buy" rating in a report on Monday, September 14th. Wall Street Zen raised Vince from a "hold" rating to a "strong-buy" rating in a research report on Saturday, September 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vince in a research report on Friday, September 18th. Finally, Noble Financial reiterated an "outperform" rating on shares of Vince in a report on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy".

Hedge Funds Weigh In On Vince

A hedge fund recently bought a new stake in Vince stock. AXQ Capital LP purchased a new stake in Vince Holding Corp. (NASDAQ:VNCE - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,615 shares of the company's stock, valued at approximately $83,000. AXQ Capital LP owned about 0.09% of Vince at the end of the most recent reporting period. 16.11% of the stock is owned by institutional investors and hedge funds.

Vince Stock Performance

VNCE opened at $11.14 on Friday. Vince has a 52-week low of $1.95 and a 52-week high of $11.98. The firm has a market capitalization of $144.21 million, a PE ratio of 19.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.46 and a current ratio of 1.49. The business's 50-day simple moving average is $6.93 and its 200 day simple moving average is $5.29.

Vince (NASDAQ:VNCE - Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.75. Vince had a return on equity of 31.35% and a net margin of 2.42%.The firm had revenue of $81.79 million for the quarter, compared to analyst estimates of $81.03 million. As a group, sell-side analysts expect that Vince will post 1.39 earnings per share for the current fiscal year.

About Vince

Vince Holding Corp. is a New York-based apparel company that operates the Vince brand, which focuses on modern luxury and contemporary clothing, accessories and footwear for women and men. Its products are known for minimalist design, premium materials and an emphasis on everyday wardrobe essentials, including knitwear, dresses, tops, bottoms, outerwear, shoes and handbags.

The company sells its products through a combination of company-operated retail stores, its e-commerce platform and wholesale channels.

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