GDS Holdings Limited (NASDAQ:GDS) Short Interest Update

GDS Holdings Limited (NASDAQ:GDS) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 5,370,000 shares, a decline of 9.0% from the January 15th total of 5,900,000 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily volume of 1,660,000 shares, the days-to-cover ratio is presently 3.2 days.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. StockNews.com upgraded GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. JMP Securities initiated coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price on the stock. Daiwa Capital Markets upgraded GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of GDS in a research note on Wednesday, January 29th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $22.60.

Institutional Investors Weigh In On GDS

Institutional investors and hedge funds have recently modified their holdings of the stock. Bamco Inc. NY lifted its position in GDS by 10.5% during the 4th quarter. Bamco Inc. NY now owns 6,673,226 shares of the company’s stock worth $158,556,000 after acquiring an additional 632,671 shares in the last quarter. Aspex Management HK Ltd lifted its position in shares of GDS by 23.0% during the fourth quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company’s stock worth $117,059,000 after purchasing an additional 922,709 shares in the last quarter. Sachem Head Capital Management LP lifted its position in shares of GDS by 161.6% during the third quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after purchasing an additional 1,745,000 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of GDS by 509.6% in the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock valued at $55,206,000 after purchasing an additional 1,942,341 shares during the period. Finally, Driehaus Capital Management LLC grew its holdings in GDS by 195.6% during the 4th quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company’s stock valued at $43,852,000 after purchasing an additional 1,221,289 shares in the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Stock Up 4.2 %

Shares of GDS stock opened at $40.77 on Wednesday. The company has a fifty day moving average price of $24.29 and a 200 day moving average price of $20.70. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS has a twelve month low of $5.85 and a twelve month high of $42.04. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of -13.37 and a beta of 0.12.

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.