GDS Holdings Limited (NASDAQ:GDS) Sees Large Increase in Short Interest

GDS Holdings Limited (NASDAQ:GDS) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 8,640,000 shares, an increase of 6.0% from the July 31st total of 8,150,000 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average daily volume of 1,380,000 shares, the days-to-cover ratio is currently 6.3 days.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GDS. Nomura Securities upgraded GDS to a “strong-buy” rating in a research note on Monday, August 26th. Royal Bank of Canada upgraded shares of GDS from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $13.00 to $14.00 in a research note on Monday, July 8th. Finally, Bank of America boosted their target price on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, GDS has a consensus rating of “Moderate Buy” and a consensus target price of $15.29.

Institutional Trading of GDS

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC acquired a new position in shares of GDS in the second quarter worth $108,000. Quadrature Capital Ltd purchased a new stake in shares of GDS during the 4th quarter worth about $107,000. Marshall Wace LLP acquired a new stake in shares of GDS during the 2nd quarter valued at about $203,000. Headlands Technologies LLC bought a new stake in shares of GDS in the 2nd quarter valued at approximately $256,000. Finally, Capstone Investment Advisors LLC acquired a new position in GDS in the first quarter worth approximately $188,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Performance

GDS stock traded up $0.28 during mid-day trading on Monday, reaching $17.03. The company had a trading volume of 1,297,800 shares, compared to its average volume of 1,586,902. GDS has a one year low of $5.01 and a one year high of $17.36. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.30. The stock has a market capitalization of $3.25 billion, a P/E ratio of -5.31 and a beta of 0.20. The stock’s 50-day simple moving average is $11.94 and its two-hundred day simple moving average is $9.18.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.