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

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

GDS Trading Up 3.5 %

Shares of GDS stock traded up $0.80 on Friday, hitting $23.52. 1,787,614 shares of the company’s stock were exchanged, compared to its average volume of 868,403. The company has a 50-day simple moving average of $21.60 and a 200-day simple moving average of $18.39. GDS has a 1 year low of $5.01 and a 1 year high of $29.17. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 target price on shares of GDS in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.47.

Institutional Trading of GDS

Hedge funds have recently bought and sold shares of the stock. Bamco Inc. NY increased its holdings in shares of GDS by 128.6% in the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock worth $123,227,000 after buying an additional 3,397,592 shares during the last quarter. Sachem Head Capital Management LP lifted its position in shares of GDS by 161.6% in the 3rd quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after purchasing an additional 1,745,000 shares during the period. Baupost Group LLC MA lifted its position in shares of GDS by 63.5% in the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock worth $39,482,000 after purchasing an additional 1,649,952 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of GDS in the 3rd quarter worth approximately $27,212,000. Finally, Portolan Capital Management LLC purchased a new stake in GDS during the third quarter valued at approximately $26,572,000. 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.