GDS Holdings Limited (NASDAQ:GDS) Short Interest Up 5.4% in November

GDS Holdings Limited (NASDAQ:GDS) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 5,270,000 shares, a growth of 5.4% from the November 15th total of 5,000,000 shares. Based on an average trading volume of 1,550,000 shares, the short-interest ratio is presently 3.4 days. Currently, 2.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On GDS

A number of large investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in shares of GDS during the 2nd quarter worth about $256,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of GDS in the second quarter valued at approximately $108,000. Pacer Advisors Inc. grew its position in shares of GDS by 17.3% during the 2nd quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock worth $7,892,000 after purchasing an additional 125,395 shares in the last quarter. Baupost Group LLC MA raised its position in shares of GDS by 63.5% in the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock valued at $39,482,000 after buying an additional 1,649,952 shares in the last quarter. Finally, Farallon Capital Management LLC increased its stake in GDS by 72.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock worth $11,391,000 after acquiring an additional 516,133 shares during the period. Institutional investors own 33.71% of the company’s stock.

GDS Stock Up 0.7 %

GDS traded up $0.14 during trading on Tuesday, reaching $20.22. The company had a trading volume of 379,211 shares, compared to its average volume of 1,561,313. The company has a market cap of $3.85 billion, a P/E ratio of -6.58 and a beta of 0.18. The business’s fifty day moving average price is $21.05 and its 200 day moving average price is $16.07. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. GDS has a 12 month low of $5.01 and a 12 month high of $24.74.

Wall Street Analysts Forecast Growth

GDS has been the subject of a number of analyst reports. Nomura Securities raised GDS to a “strong-buy” rating in a report on Monday, August 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 target price on shares of GDS in a report on Thursday, December 5th. Finally, Bank of America lifted their price objective 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, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GDS currently has a consensus rating of “Moderate Buy” and an average 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.