Vipshop Holdings Limited (NYSE:VIPS) Short Interest Update

Vipshop Holdings Limited (NYSE:VIPS) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 5,195,163 shares, a decline of 18.3% from the February 26th total of 6,361,606 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 2,161,711 shares, the days-to-cover ratio is currently 2.4 days.

Vipshop Stock Down 1.6%

Shares of VIPS traded down $0.25 during mid-day trading on Tuesday, reaching $15.75. The company’s stock had a trading volume of 4,268,899 shares, compared to its average volume of 2,255,659. The company has a market cap of $8.07 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. The business has a fifty day moving average of $16.79 and a 200 day moving average of $18.19. Vipshop has a 1 year low of $12.14 and a 1 year high of $21.08.

Vipshop Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a dividend of $0.62 per share. This represents a yield of 342.0%. The ex-dividend date is Friday, April 10th. This is a boost from Vipshop’s previous annual dividend of $0.43. Vipshop’s dividend payout ratio is 24.12%.

Analyst Ratings Changes

Several equities research analysts have recently commented on VIPS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a report on Friday. Zacks Research raised Vipshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Wall Street Zen downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Sunday, January 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. Finally, Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.48.

Hedge Funds Weigh In On Vipshop

Large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in Vipshop by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after purchasing an additional 1,126,983 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Vipshop by 65.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,091 shares of the technology company’s stock worth $107,000 after buying an additional 2,809 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Vipshop by 13.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,607,113 shares of the technology company’s stock worth $39,237,000 after buying an additional 316,388 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Vipshop by 24.1% during the 2nd quarter. American Century Companies Inc. now owns 1,996,122 shares of the technology company’s stock valued at $30,042,000 after buying an additional 387,223 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Vipshop by 98.8% during the 2nd quarter. Prudential Financial Inc. now owns 506,485 shares of the technology company’s stock valued at $7,109,000 after buying an additional 251,700 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.