GDS Holdings Limited (NASDAQ:GDS) Short Interest Update

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

GDS Stock Up 3.5 %

Shares of GDS stock traded up $0.80 during trading hours on Monday, reaching $23.52. 1,787,614 shares of the stock were exchanged, compared to its average volume of 868,403. GDS has a 12-month low of $5.01 and a 12-month high of $29.17. The company’s 50-day moving average price is $21.60 and its 200-day moving average price is $18.39. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price objective on shares of GDS in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.47.

Hedge Funds Weigh In On GDS

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings 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. grew its holdings in GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after acquiring an additional 2,353 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in GDS by 1.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after acquiring an additional 2,543 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in GDS during the 3rd quarter valued at about $64,000. Finally, Centiva Capital LP lifted its position in shares of GDS by 49.5% in the 3rd quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock worth $479,000 after purchasing an additional 7,772 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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.