GDS Holdings Limited (NASDAQ:GDS) Short Interest Update

GDS Holdings Limited (NASDAQ:GDSGet Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 10,530,000 shares, a growth of 39.5% from the February 13th total of 7,550,000 shares. Based on an average trading volume of 2,730,000 shares, the days-to-cover ratio is presently 3.9 days. Currently, 5.7% of the company’s shares are short sold.

GDS Stock Up 5.2 %

Shares of NASDAQ GDS traded up $1.75 during midday trading on Friday, reaching $35.27. 2,619,481 shares of the company’s stock were exchanged, compared to its average volume of 1,872,859. GDS has a 52-week low of $5.85 and a 52-week high of $52.50. The stock has a market capitalization of $6.72 billion, a PE ratio of -11.56 and a beta of 0.07. 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 business’s fifty day moving average price is $30.91 and its two-hundred day moving average price is $24.05.

Institutional Trading of GDS

A number of hedge funds and other institutional investors have recently modified their holdings of GDS. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS during the third quarter worth about $64,000. PNC Financial Services Group Inc. increased its position in shares of GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after acquiring an additional 672 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock worth $90,000 after acquiring an additional 3,599 shares during the last quarter. Blue Trust Inc. increased its holdings in GDS by 121.9% in the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock valued at $132,000 after buying an additional 3,053 shares during the last quarter. Finally, Brookfield Corp ON bought a new stake in GDS in the third quarter valued at about $171,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Daiwa Capital Markets upgraded GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. Raymond James boosted their price objective on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. JMP Securities assumed coverage on GDS in a research note on Monday, January 27th. They set an “outperform” rating and a $35.00 price objective on the stock. Finally, Royal Bank of Canada cut GDS from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.23.

Read Our Latest Research Report on GDS

About GDS

(Get Free Report)

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.

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