Short Interest in GDS Holdings Limited (NASDAQ:GDS) Rises By 9.7%

GDS Holdings Limited (NASDAQ:GDS) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 5,880,000 shares, a growth of 9.7% from the December 31st total of 5,360,000 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is currently 4.6 days.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GDS. StockNews.com raised GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reissued an “outperform” rating and set a $26.00 price target on shares of GDS in a research report on Wednesday, January 29th. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. Finally, JMP Securities began coverage on GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $22.60.

Institutional Trading of GDS

A number of hedge funds have recently modified their holdings of GDS. JPMorgan Chase & Co. increased its stake in shares of GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after buying an additional 602,840 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of GDS in the third quarter valued at about $27,212,000. Luxor Capital Group LP bought a new stake in shares of GDS in the third quarter valued at about $9,993,000. GSA Capital Partners LLP bought a new stake in GDS during the third quarter worth about $544,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in GDS during the third quarter worth about $1,001,000. Institutional investors own 33.71% of the company’s stock.

GDS Stock Performance

Shares of NASDAQ GDS opened at $25.68 on Tuesday. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of -8.42 and a beta of 0.12. The business’s 50-day simple moving average is $21.78 and its 200-day simple moving average is $19.13. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS has a 52 week low of $5.01 and a 52 week high of $29.17.

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.