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

GDS Holdings Limited (NASDAQ:GDS) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 5,620,000 shares, a drop of 9.5% from the October 15th total of 6,210,000 shares. Based on an average daily volume of 1,720,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.1% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Nomura Securities upgraded GDS to a “strong-buy” rating in a research report on Monday, August 26th. Bank of America boosted their target price on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada increased their price target on GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, GDS currently has a consensus rating of “Moderate Buy” and an average price target of $18.29.

Institutional Trading of GDS

Several hedge funds and other institutional investors have recently modified their holdings of GDS. Blue Trust Inc. grew its stake in GDS by 1,558.3% during the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after acquiring an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in GDS during the third quarter worth about $64,000. Signaturefd LLC increased its stake in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after acquiring an additional 1,215 shares during the last quarter. Brookfield Corp ON bought a new stake in GDS during the third quarter valued at approximately $171,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in GDS during the second quarter valued at about $108,000. Institutional investors own 33.71% of the company’s stock.

GDS Trading Down 15.9 %

GDS traded down $3.73 during trading on Tuesday, hitting $19.76. The company’s stock had a trading volume of 2,708,734 shares, compared to its average volume of 1,594,626. The firm has a market capitalization of $3.77 billion, a P/E ratio of -6.43 and a beta of 0.23. GDS has a twelve month low of $5.01 and a twelve month high of $24.74. The stock’s fifty day moving average price is $20.91 and its 200-day moving average price is $14.46. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.30.

GDS (NASDAQ:GDS) last announced its earnings results on Tuesday, November 19th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.07. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. GDS’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts anticipate that GDS will post -1.14 EPS for the current year.

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.