GDS Holdings Limited (NASDAQ:GDS) Sees Large Growth in Short Interest

GDS Holdings Limited (NASDAQ:GDS) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 5,270,000 shares, an increase of 5.4% from the November 15th total of 5,000,000 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 1,550,000 shares, the short-interest ratio is currently 3.4 days.

GDS Stock Down 0.3 %

Shares of GDS stock opened at $20.01 on Wednesday. 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 twelve month low of $5.01 and a twelve month high of $24.74. The company has a market cap of $3.81 billion, a price-to-earnings ratio of -6.56 and a beta of 0.18. The company’s 50 day moving average is $21.05 and its 200 day moving average is $16.16.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GDS. Headlands Technologies LLC bought a new position in GDS in the second quarter worth approximately $256,000. Vanguard Personalized Indexing Management LLC bought a new position in GDS in the 2nd quarter worth $108,000. Pacer Advisors Inc. raised its holdings in GDS by 17.3% in the 2nd quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock worth $7,892,000 after purchasing an additional 125,395 shares during the period. Baupost Group LLC MA lifted its position in GDS by 63.5% during the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock valued at $39,482,000 after purchasing an additional 1,649,952 shares in the last quarter. Finally, Farallon Capital Management LLC grew its holdings in GDS by 72.7% during the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock valued at $11,391,000 after purchasing an additional 516,133 shares during the period. Institutional investors own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GDS. Royal Bank of Canada reissued an “outperform” rating and set a $26.00 price objective on shares of GDS in a research report on Thursday, December 5th. Nomura Securities raised shares of GDS to a “strong-buy” rating in a research report on Monday, August 26th. Finally, Bank of America boosted their price objective on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, GDS currently has a consensus rating of “Moderate Buy” and an average price target of $18.47.

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.