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

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) was the recipient of a large increase in short interest in 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. Currently, 5.7% of the shares of the company are short sold. Based on an average daily trading volume, of 2,730,000 shares, the days-to-cover ratio is presently 3.9 days.

Wall Street Analyst Weigh In

GDS has been the topic of several recent analyst reports. Citizens Jmp raised shares of GDS to a "strong-buy" rating in a research report on Monday, January 27th. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 target price on the stock in a research report on Tuesday. Royal Bank of Canada lowered shares of GDS from an "outperform" rating to a "sector perform" rating and raised their price target for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. JMP Securities began coverage on shares of GDS in a research note on Monday, January 27th. They set an "outperform" rating and a $35.00 price target for the company. Finally, Raymond James raised their price target 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.23.

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GDS Stock Performance

GDS stock traded up $0.13 during mid-day trading on Tuesday, reaching $35.58. The company's stock had a trading volume of 2,951,903 shares, compared to its average volume of 1,884,619. The firm's fifty day moving average price is $31.29 and its two-hundred day moving average price is $24.37. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS has a 12-month low of $5.85 and a 12-month high of $52.50. The company has a market capitalization of $6.78 billion, a P/E ratio of -11.67 and a beta of 0.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in 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. BNP Paribas Financial Markets lifted its holdings in shares of GDS by 1.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company's stock worth $3,721,000 after acquiring an additional 2,543 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after acquiring an additional 3,053 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of GDS during the 3rd quarter worth $64,000. Finally, Invesco Ltd. lifted its holdings in shares of GDS by 4.1% during the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company's stock worth $2,101,000 after acquiring an additional 3,481 shares during the last quarter. 33.71% of the stock is owned by institutional investors.

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.