Vipshop Holdings Limited (NYSE:VIPS) Short Interest Down 15.8% in April

Vipshop Holdings Limited (NYSE:VIPS) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 4,401,862 shares, a decrease of 15.8% from the March 31st total of 5,229,686 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 2,333,955 shares, the short-interest ratio is presently 1.9 days.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $14.51 on Friday. The company’s 50-day moving average price is $15.66 and its two-hundred day moving average price is $17.53. Vipshop has a one year low of $13.35 and a one year high of $21.08. The stock has a market capitalization of $6.95 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 1.20 and a beta of 0.67.

Vipshop Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were given a dividend of $0.62 per share. This is a boost from Vipshop’s previous annual dividend of $0.43. The ex-dividend date of this dividend was Friday, April 10th. This represents a yield of 411.0%. Vipshop’s payout ratio is presently 30.15%.

Institutional Investors Weigh In On Vipshop

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC lifted its position in Vipshop by 15.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 29,277 shares of the technology company’s stock worth $460,000 after buying an additional 3,927 shares in the last quarter. Hsbc Holdings PLC lifted its position in Vipshop by 0.4% during the 1st quarter. Hsbc Holdings PLC now owns 2,327,725 shares of the technology company’s stock worth $36,592,000 after buying an additional 9,395 shares in the last quarter. Summit Securities Group LLC bought a new stake in Vipshop during the 1st quarter worth about $150,000. Resona Asset Management Co. Ltd. lifted its position in Vipshop by 11.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 82,137 shares of the technology company’s stock worth $1,295,000 after buying an additional 8,205 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of Vipshop by 13.8% in the 1st quarter. Swedbank AB now owns 185,872 shares of the technology company’s stock valued at $2,922,000 after purchasing an additional 22,549 shares during the period. 48.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Nomura raised shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Friday, February 27th. Zacks Research raised shares of Vipshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research note on Friday, March 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.48.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.