Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 5,760,000 shares, a decrease of 13.6% from the April 30th total of 6,670,000 shares. Based on an average daily trading volume, of 4,120,000 shares, the short-interest ratio is currently 1.4 days. Currently, 1.3% of the company's stock are short sold.
Vipshop Trading Up 1.2%
VIPS traded up $0.18 during midday trading on Friday, hitting $14.65. 3,170,327 shares of the company were exchanged, compared to its average volume of 3,794,435. The company's 50 day simple moving average is $13.83 and its 200 day simple moving average is $14.32. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 7.01, a price-to-earnings-growth ratio of 1.52 and a beta of 0.57. Vipshop has a 1-year low of $11.50 and a 1-year high of $17.94.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on VIPS. Barclays lowered their target price on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Finally, Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $15.10.
View Our Latest Research Report on Vipshop
Institutional Investors Weigh In On Vipshop
Hedge funds have recently modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in shares of Vipshop during the 1st quarter worth about $35,000. Brooklyn Investment Group boosted its holdings in Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock worth $41,000 after buying an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. boosted its holdings in Vipshop by 41.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock worth $56,000 after buying an additional 1,046 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Vipshop in the 1st quarter worth about $62,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Vipshop in the 1st quarter worth about $86,000. 48.82% of the stock is owned by hedge funds and other institutional investors.
About Vipshop
(
Get Free Report)
Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.
Further Reading
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