Short Interest in Vera Bradley, Inc. (NASDAQ:VRA) Decreases By 13.5%

Vera Bradley, Inc. (NASDAQ:VRA) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 2,500,000 shares, a decline of 13.5% from the December 31st total of 2,890,000 shares. Based on an average daily trading volume, of 301,400 shares, the short-interest ratio is currently 8.3 days. Approximately 12.5% of the company’s shares are sold short.

Vera Bradley Stock Down 5.1 %

Shares of NASDAQ:VRA traded down $0.20 during midday trading on Friday, hitting $3.74. 150,167 shares of the stock traded hands, compared to its average volume of 167,806. The stock has a market capitalization of $103.71 million, a PE ratio of -6.34 and a beta of 1.97. Vera Bradley has a one year low of $3.27 and a one year high of $8.32. The business’s 50 day moving average is $4.23 and its two-hundred day moving average is $5.12.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, December 11th. The textile maker reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.33). Vera Bradley had a negative return on equity of 2.74% and a negative net margin of 4.21%. As a group, sell-side analysts forecast that Vera Bradley will post -0.25 earnings per share for the current year.

Institutional Trading of Vera Bradley

A number of hedge funds and other institutional investors have recently modified their holdings of the business. McAdam LLC purchased a new position in Vera Bradley during the fourth quarter valued at $50,000. The Manufacturers Life Insurance Company purchased a new position in shares of Vera Bradley in the 2nd quarter worth about $76,000. Sei Investments Co. bought a new position in Vera Bradley in the 2nd quarter worth about $81,000. Quadrature Capital Ltd purchased a new stake in Vera Bradley during the 3rd quarter valued at about $102,000. Finally, Davis R M Inc. bought a new stake in Vera Bradley during the 3rd quarter valued at about $109,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Vera Bradley Company Profile

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women’s handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.