Short Interest in GDS Holdings Limited (NASDAQ:GDS) Rises By 9.7%

GDS Holdings Limited (NASDAQ:GDS) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 5,880,000 shares, a growth of 9.7% from the December 15th total of 5,360,000 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is currently 4.6 days.

GDS Stock Up 3.5 %

Shares of GDS traded up $0.80 on Friday, reaching $23.52. The company’s stock had a trading volume of 1,787,614 shares, compared to its average volume of 868,403. The stock’s 50 day simple moving average is $21.60 and its two-hundred day simple moving average is $18.28. 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 $5.01 and a 12-month high of $29.17.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued an “outperform” rating and set a $26.00 price target on shares of GDS in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.47.

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.