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

GDS Holdings Limited (NASDAQ:GDS) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 7,550,000 shares, an increase of 40.6% from the January 31st total of 5,370,000 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,330,000 shares, the days-to-cover ratio is currently 3.2 days.

Hedge Funds Weigh In On GDS

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amiral Gestion acquired a new position in GDS in the fourth quarter valued at $333,000. Voloridge Investment Management LLC lifted its holdings in GDS by 36.9% in the fourth quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock valued at $12,383,000 after buying an additional 140,343 shares during the period. Woodline Partners LP acquired a new position in GDS in the fourth quarter valued at $4,877,000. Vident Advisory LLC lifted its holdings in GDS by 23.9% in the fourth quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock valued at $580,000 after buying an additional 4,710 shares during the period. Finally, Triata Capital Ltd acquired a new position in GDS in the fourth quarter valued at $41,472,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Trading Up 11.3 %

GDS stock traded up $3.60 during midday trading on Tuesday, hitting $35.44. The stock had a trading volume of 6,964,840 shares, compared to its average volume of 3,529,819. The firm has a market cap of $6.75 billion, a P/E ratio of -11.62 and a beta of 0.06. 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 1-year low of $5.85 and a 1-year high of $52.50. The business has a fifty day moving average price of $28.66 and a two-hundred day moving average price of $22.91.

Wall Street Analysts Forecast Growth

GDS has been the topic of a number of research reports. JMP Securities initiated coverage on shares of GDS in a research note on Monday, January 27th. They set an “outperform” rating and a $35.00 target price on the stock. Royal Bank of Canada lowered shares of GDS from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $26.00 to $37.00 in a report on Tuesday, February 25th. Raymond James lifted their price target on shares of GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Jefferies Financial Group lowered shares of GDS from a “buy” rating to a “hold” rating and lifted their price target for the stock from $27.06 to $45.00 in a report on Monday, February 24th. Finally, Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.23.

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.