GDS Holdings Limited (NASDAQ:GDS) Short Interest Update

GDS Holdings Limited (NASDAQ:GDS) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 7,550,000 shares, a growth of 40.6% from the January 31st total of 5,370,000 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,330,000 shares, the short-interest ratio is currently 3.2 days.

GDS Price Performance

NASDAQ GDS traded down $6.21 during trading hours on Monday, hitting $31.84. 7,791,961 shares of the company’s stock traded hands, compared to its average volume of 3,443,846. GDS has a 52-week low of $5.85 and a 52-week high of $52.50. The company has a market capitalization of $6.07 billion, a PE ratio of -10.44 and a beta of 0.12. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The firm’s 50-day moving average is $28.34 and its 200-day moving average is $22.75.

Hedge Funds Weigh In On GDS

Several institutional investors and hedge funds have recently bought and sold shares of GDS. Bamco Inc. NY boosted its holdings in GDS by 128.6% in the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock valued at $123,227,000 after purchasing an additional 3,397,592 shares during the last quarter. American Century Companies Inc. boosted its holdings in GDS by 509.6% in the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock valued at $55,206,000 after purchasing an additional 1,942,341 shares during the last quarter. Triata Capital Ltd acquired a new position in GDS in the 4th quarter valued at about $41,472,000. Sachem Head Capital Management LP boosted its holdings in GDS by 161.6% in the 3rd quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock valued at $57,630,000 after purchasing an additional 1,745,000 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in GDS in the 3rd quarter valued at about $27,212,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GDS has been the subject of a number of recent analyst reports. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Royal Bank of Canada cut shares of GDS from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. JMP Securities started coverage on shares of GDS in a research note on Monday, January 27th. They set an “outperform” rating and a $35.00 target price for the company. Raymond James boosted their target price on shares of GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Finally, Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.23.

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.