Short Interest in GDS Holdings Limited (NASDAQ:GDS) Increases By 9.7%

GDS Holdings Limited (NASDAQ:GDS) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 5,880,000 shares, an increase of 9.7% from the December 31st total of 5,360,000 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average trading volume of 1,280,000 shares, the short-interest ratio is presently 4.6 days.

GDS Price Performance

GDS stock traded up $3.97 on Monday, reaching $25.68. The company had a trading volume of 4,724,282 shares, compared to its average volume of 2,101,273. GDS has a 1 year low of $5.01 and a 1 year high of $29.17. The company has a market cap of $4.89 billion, a P/E ratio of -8.42 and a beta of 0.12. The company’s fifty day moving average is $21.78 and its 200 day moving average is $19.13. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Signaturefd LLC raised its position in shares of GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after buying an additional 1,215 shares during the period. Blue Trust Inc. raised its position in shares of 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 raised its position in shares of 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 purchased a new position in shares of GDS in the 3rd quarter worth $64,000. Finally, Macroview Investment Management LLC raised its position in shares of GDS by 37.4% in the 4th quarter. Macroview Investment Management LLC now owns 18,550 shares of the company’s stock worth $441,000 after buying an additional 5,050 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Analyst Ratings Changes

GDS has been the subject of several analyst reports. JMP Securities initiated coverage on shares of GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 target price on shares of GDS in a research report on Wednesday, January 29th. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, GDS presently has a consensus rating of “Buy” and an average price target of $22.60.

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.