GDS Holdings Limited (NASDAQ:GDS) Short Interest Update

GDS Holdings Limited (NASDAQ:GDS) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 5,620,000 shares, a decrease of 9.5% from the October 15th total of 6,210,000 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,720,000 shares, the short-interest ratio is currently 3.3 days.

GDS Trading Down 14.4 %

NASDAQ GDS traded down $3.38 on Tuesday, hitting $20.11. 3,211,516 shares of the stock were exchanged, compared to its average volume of 1,596,871. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.39 and a current ratio of 1.39. GDS has a 52-week low of $5.01 and a 52-week high of $24.74. The firm has a market capitalization of $3.83 billion, a P/E ratio of -6.43 and a beta of 0.23. The stock has a fifty day moving average price of $20.91 and a two-hundred day moving average price of $14.46.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. The firm had revenue of $388.92 million during the quarter, compared to analysts’ expectations of $384.14 million. Research analysts forecast that GDS will post -1.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Signaturefd LLC lifted its position in shares of GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after purchasing an additional 1,215 shares during the last quarter. Blue Trust Inc. increased its stake in GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after buying an additional 2,353 shares during the period. BNP Paribas Financial Markets increased its stake in GDS by 1.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after buying an additional 2,543 shares during the period. Public Employees Retirement System of Ohio bought a new stake in GDS during the 3rd quarter valued at about $64,000. Finally, Centiva Capital LP boosted its position in GDS by 49.5% in the 3rd quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock valued at $479,000 after buying an additional 7,772 shares during the period. Institutional investors own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

GDS has been the subject of several analyst reports. Royal Bank of Canada upped their price objective on GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, August 26th. Finally, Bank of America increased their target price on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.29.

About GDS

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.