Short Interest in GDS Holdings Limited (NASDAQ:GDS) Increases By 39.5%

GDS Holdings Limited (NASDAQ:GDS) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 10,530,000 shares, a growth of 39.5% from the February 13th total of 7,550,000 shares. Based on an average trading volume of 2,730,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 5.7% of the company’s shares are sold short.

GDS Stock Up 0.5 %

Shares of GDS stock traded up $0.18 on Monday, reaching $35.45. The stock had a trading volume of 2,813,582 shares, compared to its average volume of 1,876,624. The company has a 50 day moving average price of $30.91 and a 200 day moving average price of $24.11. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS has a 1 year low of $5.85 and a 1 year high of $52.50. The stock has a market capitalization of $6.76 billion, a P/E ratio of -11.62 and a beta of 0.07.

Analyst Upgrades and Downgrades

GDS has been the subject of a number of research analyst reports. Raymond James lifted their price objective on shares of GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Jefferies Financial Group lowered shares of GDS from a “buy” rating to a “hold” rating and lifted their price objective for the company from $27.06 to $45.00 in a report on Monday, February 24th. JMP Securities started coverage on shares of GDS in a report on Monday, January 27th. They set an “outperform” rating and a $35.00 price objective for the company. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. Finally, StockNews.com downgraded shares of GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after purchasing an additional 672 shares during the last quarter. BNP Paribas Financial Markets grew its position 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 purchasing an additional 2,543 shares during the last quarter. Blue Trust Inc. grew its position in GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after purchasing an additional 3,053 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in GDS during the 3rd quarter worth approximately $64,000. Finally, Invesco Ltd. grew its position in GDS by 4.1% during the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company’s stock worth $2,101,000 after purchasing an additional 3,481 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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.