GDS Holdings Limited (NASDAQ:GDS) Short Interest Update

GDS Holdings Limited (NASDAQ:GDS) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 5,000,000 shares, a decline of 11.0% from the October 31st total of 5,620,000 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is currently 3.0 days.

Wall Street Analysts Forecast Growth

GDS has been the subject of a number of analyst reports. Nomura Securities raised GDS to a “strong-buy” rating in a research report on Monday, August 26th. Bank of America lifted their price target on shares of GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada raised their target price on shares of GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.47.

GDS Stock Performance

GDS stock traded up $0.15 during mid-day trading on Friday, reaching $19.69. The company had a trading volume of 451,048 shares, compared to its average volume of 1,674,179. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of -6.46 and a beta of 0.23. The company has a 50 day moving average of $21.21 and a 200-day moving average of $15.13. GDS has a 52 week low of $5.01 and a 52 week high of $24.74.

Institutional Trading of GDS

Institutional investors have recently modified their holdings of the company. Swedbank AB acquired a new stake in shares of GDS in the 1st quarter valued at $2,174,000. Farallon Capital Management LLC grew its holdings in shares of GDS by 72.7% during the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock worth $11,391,000 after purchasing an additional 516,133 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of GDS in the third quarter valued at $27,212,000. Baupost Group LLC MA raised its holdings in shares of GDS by 63.5% in the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock valued at $39,482,000 after buying an additional 1,649,952 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in GDS during the 3rd quarter worth about $544,000. Institutional investors and hedge funds 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.