GDS Holdings Limited (NASDAQ:GDS) Short Interest Up 54.2% in May

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 15,510,000 shares, an increase of 54.2% from the May 15th total of 10,060,000 shares. Based on an average daily volume of 2,830,000 shares, the days-to-cover ratio is currently 5.5 days. Approximately 8.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several research firms recently commented on GDS. Royal Bank of Canada cut GDS from an "outperform" rating to a "sector perform" rating and increased their price target for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. Raymond James raised GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price target for the company in a report on Thursday, March 20th. Wall Street Zen raised GDS from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Citigroup reaffirmed an "outperform" rating on shares of GDS in a report on Thursday, March 20th. Finally, Jefferies Financial Group raised GDS from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $39.48.

GDS Trading Down 3.9%

GDS stock traded down $1.04 during midday trading on Friday, hitting $25.68. 994,410 shares of the company's stock were exchanged, compared to its average volume of 2,192,386. The business has a 50-day simple moving average of $24.75 and a two-hundred day simple moving average of $26.39. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $4.89 billion, a PE ratio of -8.42 and a beta of 0.25. GDS has a 1-year low of $8.62 and a 1-year high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.70. The company had revenue of $375.14 million during the quarter, compared to analysts' expectations of $2.72 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.96) earnings per share. On average, sell-side analysts predict that GDS will post -0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On GDS

Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of GDS in the first quarter valued at $25,000. Brooklyn Investment Group grew its stake in shares of GDS by 2,390.0% in the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock valued at $25,000 after buying an additional 956 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of GDS in the first quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in shares of GDS in the first quarter valued at $26,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after buying an additional 672 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

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.