Short Interest in GDS Holdings Limited (NASDAQ:GDS) Rises By 40.6%

GDS Holdings Limited (NASDAQ:GDS) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 7,550,000 shares, an increase of 40.6% from the January 31st total of 5,370,000 shares. Currently, 4.1% of the company’s stock are short sold. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is presently 3.2 days.

GDS Stock Performance

NASDAQ GDS traded up $3.47 during trading on Wednesday, reaching $38.91. The company’s stock had a trading volume of 3,407,681 shares, compared to its average volume of 3,523,035. The business’s fifty day moving average price is $28.66 and its 200-day moving average price is $22.91. GDS has a twelve month low of $5.85 and a twelve month high of $52.50. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of -12.72 and a beta of 0.06.

Institutional Trading of GDS

A number of institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of GDS during the third quarter valued at approximately $64,000. PNC Financial Services Group Inc. grew its stake in shares of GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after acquiring an additional 672 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after purchasing an additional 3,599 shares in the last quarter. Blue Trust Inc. raised its stake in GDS by 121.9% during the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock valued at $132,000 after buying an additional 3,053 shares in the last quarter. Finally, Brookfield Corp ON bought a new stake in GDS during the third quarter valued at $171,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on GDS. Jefferies Financial Group lowered shares of GDS from a “buy” rating to a “hold” rating and lifted their price target for the stock from $27.06 to $45.00 in a research note on Monday, February 24th. JMP Securities began coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target on the stock. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada lowered GDS from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. Finally, Citizens Jmp raised GDS to a “strong-buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, GDS presently has a consensus rating of “Moderate Buy” and an average price target of $33.23.

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.