Short Interest in GDS Holdings Limited (NASDAQ:GDS) Expands By 39.5%

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank of Canada cut GDS from an "outperform" rating to a "sector perform" rating and lifted their price target for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Citizens Jmp upgraded GDS to a "strong-buy" rating in a report on Monday, January 27th. StockNews.com cut GDS from a "hold" rating to a "sell" rating in a report on Friday, February 28th. JMP Securities began coverage on GDS in a report on Monday, January 27th. They issued an "outperform" rating and a $35.00 target price on the stock. Finally, Daiwa Capital Markets upgraded GDS from a "neutral" rating to a "buy" rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.23.

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Hedge Funds Weigh In On GDS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of GDS in the 3rd quarter valued at approximately $64,000. PNC Financial Services Group Inc. grew its stake in shares of GDS by 26.8% in the 4th 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 stake in shares of GDS by 1,904.2% in the 4th 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 stake in shares of GDS by 121.9% in the 4th 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 bought a new stake in shares of GDS in the 3rd quarter valued at approximately $171,000. 33.71% of the stock is currently owned by institutional investors.

GDS Stock Performance

GDS traded up $0.42 on Tuesday, hitting $35.87. 781,054 shares of the stock traded hands, compared to its average volume of 1,872,824. GDS has a 52 week low of $5.85 and a 52 week high of $52.50. 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 capitalization of $6.84 billion, a PE ratio of -11.73 and a beta of 0.07. The business has a fifty day moving average price of $31.11 and a two-hundred day moving average price of $24.24.

About GDS

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.