GDS Holdings Limited (NASDAQ:GDS) Short Interest Update

GDS Holdings Limited (NASDAQ:GDS) was the recipient of a significant growth in short interest during 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 company’s shares are sold short. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is presently 4.6 days.

Wall Street Analyst Weigh In

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

GDS Trading Up 3.5 %

GDS stock traded up $0.80 on Friday, hitting $23.52. 1,787,614 shares of the stock traded hands, compared to its average volume of 868,403. The business’s fifty day simple moving average is $21.60 and its 200 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 1 year low of $5.01 and a 1 year high of $29.17.

Institutional Inflows and Outflows

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

About GDS

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.