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

GDS Holdings Limited (NASDAQ:GDS) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 5,000,000 shares, a decrease of 11.0% from the October 31st total of 5,620,000 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 1,680,000 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Investors Weigh In On GDS

A number of hedge funds and other institutional investors have recently bought and sold shares of GDS. Signaturefd LLC lifted its holdings in shares of GDS by 17.3% in 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. Blue Trust Inc. boosted its holdings in GDS by 1,558.3% in the 3rd 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 period. BNP Paribas Financial Markets grew its position 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 valued at $3,721,000 after purchasing an additional 2,543 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of GDS in the third quarter worth $64,000. Finally, Centiva Capital LP raised its position in shares of GDS by 49.5% in the third quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock worth $479,000 after buying an additional 7,772 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on GDS. Nomura Securities raised shares of GDS to a “strong-buy” rating in a research report on Monday, August 26th. Royal Bank of Canada upped their price objective on GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Bank of America raised their target price on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, GDS currently has a consensus rating of “Moderate Buy” and an average target price of $18.47.

GDS Trading Up 3.1 %

Shares of NASDAQ GDS traded up $0.61 during midday trading on Tuesday, hitting $20.41. The company’s stock had a trading volume of 1,078,366 shares, compared to its average volume of 1,600,318. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a fifty day moving average price of $21.20 and a 200 day moving average price of $15.21. GDS has a one year low of $5.01 and a one 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.