Short Interest in Vipshop Holdings Limited (NYSE:VIPS) Drops By 12.9%

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 7,180,000 shares, a decrease of 12.9% from the December 31st total of 8,240,000 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 2,920,000 shares, the short-interest ratio is presently 2.5 days.

Analyst Ratings Changes

Several equities analysts have issued reports on VIPS shares. Barclays started coverage on shares of Vipshop in a research note on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 price objective on the stock. Citigroup cut their price target on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, November 20th. StockNews.com downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Benchmark reiterated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.50.

Vipshop Price Performance

Shares of VIPS stock traded down $0.45 during midday trading on Wednesday, reaching $14.40. 1,725,709 shares of the company traded hands, compared to its average volume of 3,050,582. The firm's 50 day simple moving average is $13.65 and its two-hundred day simple moving average is $13.85. The firm has a market cap of $7.39 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 1.50 and a beta of 0.30. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19.

Hedge Funds Weigh In On Vipshop

Several hedge funds and other institutional investors have recently bought and sold shares of VIPS. First Beijing Investment Ltd purchased a new position in shares of Vipshop in the third quarter valued at $120,182,000. Polaris Capital Management LLC acquired a new position in Vipshop during the fourth quarter worth about $63,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Vipshop by 179.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company's stock valued at $62,670,000 after purchasing an additional 2,558,896 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Vipshop in the third quarter valued at approximately $14,938,000. Finally, Hhlr Advisors LTD. increased its stake in shares of Vipshop by 6.2% during the 3rd quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company's stock worth $247,281,000 after purchasing an additional 914,322 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

About Vipshop

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.