GDS Holdings Limited (NASDAQ:GDS) Short Interest Update

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 10,530,000 shares, a growth of 39.5% from the February 13th total of 7,550,000 shares. Based on an average trading volume of 2,730,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 5.7% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GDS. Raymond James increased their price objective on GDS from $25.00 to $53.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Daiwa Capital Markets raised GDS from a "neutral" rating to a "buy" rating in a report on Tuesday, February 11th. Royal Bank of Canada cut GDS from an "outperform" rating to a "sector perform" rating and raised their price target for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. JMP Securities began coverage on GDS in a report on Monday, January 27th. They issued an "outperform" rating and a $35.00 price target for the company. Finally, Jefferies Financial Group cut GDS from a "buy" rating to a "hold" rating and raised their price target for the company from $27.06 to $45.00 in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, GDS has an average rating of "Moderate Buy" and a consensus price target of $33.23.

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Institutional Investors Weigh In On GDS

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS in the third quarter valued at $64,000. PNC Financial Services Group Inc. grew its position in shares of GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after purchasing an additional 672 shares during the period. Wells Fargo & Company MN grew its position in shares of GDS by 1,904.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after purchasing an additional 3,599 shares during the period. Blue Trust Inc. grew its position in shares of GDS by 121.9% in the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock valued at $132,000 after purchasing an additional 3,053 shares during the period. Finally, Brookfield Corp ON acquired a new position in GDS in the third quarter valued at $171,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

GDS Price Performance

GDS stock traded up $1.75 during mid-day trading on Friday, hitting $35.27. 2,619,481 shares of the company were exchanged, compared to its average volume of 1,872,859. 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 business's 50 day simple moving average is $30.91 and its two-hundred day simple moving average is $24.05. The company has a market capitalization of $6.72 billion, a P/E ratio of -11.56 and a beta of 0.07. GDS has a 12-month low of $5.85 and a 12-month high of $52.50.

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.

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