GDS Holdings Limited (NASDAQ:GDS) Short Interest Up 18.9% in April

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totalling 12,440,000 shares, an increase of 18.9% from the April 15th total of 10,460,000 shares. Approximately 7.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,800,000 shares, the days-to-cover ratio is currently 6.9 days.

Hedge Funds Weigh In On GDS

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its holdings in GDS by 23.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,843 shares of the company's stock worth $64,000 after purchasing an additional 1,123 shares during the last quarter. Signaturefd LLC lifted its holdings in GDS by 20.0% in the third quarter. Signaturefd LLC now owns 8,714 shares of the company's stock valued at $95,000 after buying an additional 1,451 shares during the period. Tower Research Capital LLC TRC bought a new stake in GDS during the fourth quarter valued at $53,000. Aigen Investment Management LP acquired a new stake in GDS during the 3rd quarter worth about $115,000. Finally, Quadrature Capital Ltd bought a new position in shares of GDS in the 4th quarter worth about $107,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Price Performance

NASDAQ:GDS traded down $0.02 during trading hours on Tuesday, hitting $8.42. The company's stock had a trading volume of 647,676 shares, compared to its average volume of 1,714,821. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $1.60 billion, a P/E ratio of -2.52 and a beta of 0.31. GDS has a twelve month low of $5.01 and a twelve month high of $14.24. The stock has a fifty day simple moving average of $7.37 and a 200-day simple moving average of $7.97.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 26th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.23). The company had revenue of $360.07 million for the quarter, compared to the consensus estimate of $363.21 million. GDS had a negative net margin of 43.25% and a negative return on equity of 8.89%. On average, analysts anticipate that GDS will post -1.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GDS. JPMorgan Chase & Co. cut their price target on GDS from $12.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, March 28th. StockNews.com raised shares of GDS to a "sell" rating in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.69.

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.