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

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 11,950,000 shares, an increase of 10.2% from the March 15th total of 10,840,000 shares. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is currently 6.4 days. Currently, 7.0% of the shares of the stock are sold short.

Institutional Trading of GDS

Hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its position in shares of GDS by 132.8% during the 2nd quarter. Barclays PLC now owns 2,898 shares of the company's stock valued at $32,000 after buying an additional 1,653 shares in the last quarter. 1832 Asset Management L.P. bought a new position in GDS during the 4th quarter valued at about $41,000. PNC Financial Services Group Inc. grew its holdings in GDS by 23.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,720 shares of the company's stock valued at $52,000 after purchasing an additional 897 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in GDS during the 4th quarter valued at about $53,000. Finally, Advisor Group Holdings Inc. grew its holdings in GDS by 71.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,795 shares of the company's stock valued at $57,000 after purchasing an additional 1,163 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of GDS from $12.00 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, March 28th. StockNews.com upgraded shares of GDS to a "sell" rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $15.69.

GDS Price Performance

GDS stock traded up $0.01 during mid-day trading on Monday, hitting $6.12. The company had a trading volume of 1,854,023 shares, compared to its average volume of 1,818,114. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -1.83 and a beta of 0.40. GDS has a 12-month low of $5.01 and a 12-month high of $17.75. The company has a quick ratio of 1.52, a current ratio of 1.32 and a debt-to-equity ratio of 1.92. The company has a 50-day moving average price of $6.93 and a 200 day moving average price of $8.35.

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.