GDS Holdings Limited (NASDAQ:GDS) Sees Large Growth in Short Interest

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 5,270,000 shares, a growth of 5.4% from the November 15th total of 5,000,000 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average daily volume of 1,550,000 shares, the short-interest ratio is currently 3.4 days.

Analyst Ratings Changes

A number of research analysts have commented on GDS shares. Nomura Securities upgraded shares of GDS to a "strong-buy" rating in a research note on Monday, August 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $26.00 price objective on shares of GDS in a research note on Thursday, December 5th. Finally, Bank of America lifted their target price on GDS from $12.40 to $22.40 and gave the company a "buy" rating in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $18.47.

Institutional Investors Weigh In On GDS

Several institutional investors have recently modified their holdings of GDS. Blue Trust Inc. grew its position in shares of GDS by 1,558.3% in 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 last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS during the third quarter worth about $64,000. Signaturefd LLC grew its holdings in shares of GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company's stock worth $168,000 after buying an additional 1,215 shares in the last quarter. Brookfield Corp ON acquired a new position in shares of GDS in the third quarter valued at approximately $171,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of GDS during the second quarter valued at approximately $108,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

GDS Price Performance

Shares of NASDAQ:GDS traded down $0.82 on Monday, reaching $20.08. 558,991 shares of the company were exchanged, compared to its average volume of 1,566,251. The company has a 50-day moving average of $21.05 and a 200-day moving average of $16.07. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of -6.58 and a beta of 0.18. GDS has a 1-year low of $5.01 and a 1-year high of $24.74.

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.