GDS Holdings Limited (NASDAQ:GDS) Short Interest Down 9.0% in January

GDS Holdings Limited (NASDAQ:GDS) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 5,370,000 shares, a decrease of 9.0% from the January 15th total of 5,900,000 shares. Based on an average trading volume of 1,660,000 shares, the short-interest ratio is presently 3.2 days. Approximately 2.9% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research note on Monday, January 27th. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 price target on shares of GDS in a research report on Wednesday, January 29th. Finally, JMP Securities initiated coverage on shares of GDS in a research report on Monday, January 27th. They set an “outperform” rating and a $35.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $22.60.

GDS Stock Up 4.2 %

GDS traded up $1.63 during midday trading on Tuesday, reaching $40.77. The company’s stock had a trading volume of 5,056,931 shares, compared to its average volume of 2,588,760. The stock’s 50-day moving average is $24.29 and its 200-day moving average is $20.70. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of -13.37 and a beta of 0.12. GDS has a 1 year low of $5.85 and a 1 year high of $42.04. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GDS. Blue Trust Inc. lifted its position in GDS by 1,558.3% during the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after purchasing an additional 2,353 shares during the period. Signaturefd LLC raised its position in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after purchasing an additional 1,215 shares during the period. Macroview Investment Management LLC bought a new stake in shares of GDS during the 3rd quarter valued at $275,000. abrdn plc raised its position in shares of GDS by 11.3% during the 3rd quarter. abrdn plc now owns 265,500 shares of the company’s stock valued at $5,416,000 after purchasing an additional 26,900 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of GDS in the 3rd quarter worth about $544,000. 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.