GDS Holdings Limited (NASDAQ:GDS) Short Interest Update

GDS Holdings Limited (NASDAQ:GDS) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,880,000 shares, an increase of 9.7% from the December 15th total of 5,360,000 shares. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is currently 4.6 days. Approximately 3.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GDS. Blue Trust Inc. increased its stake in GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after acquiring an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in GDS in the third quarter valued at $64,000. Vanguard Personalized Indexing Management LLC bought a new position in GDS in the second quarter valued at $108,000. Signaturefd LLC increased its stake in GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after acquiring an additional 1,215 shares during the last quarter. Finally, Brookfield Corp ON bought a new position in GDS in the third quarter valued at $171,000. Institutional investors own 33.71% of the company’s stock.

GDS Stock Performance

Shares of GDS stock traded up $0.80 during trading on Friday, hitting $23.52. The stock had a trading volume of 1,787,614 shares, compared to its average volume of 868,403. GDS has a 12 month low of $5.01 and a 12 month high of $29.17. The business’s 50-day moving average is $21.60 and its 200 day moving average is $18.39. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price objective on shares of GDS in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, GDS currently has an average rating of “Moderate Buy” and a consensus price target of $18.47.

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.