Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) was the target of a large decrease in short interest during 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. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 4,120,000 shares, the short-interest ratio is presently 1.4 days.
Hedge Funds Weigh In On Vipshop
Hedge funds have recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Vipshop in the 1st quarter valued at $35,000. Brooklyn Investment Group raised its position in shares of Vipshop by 1,695.2% in the first 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 in the last quarter. Atlas Capital Advisors Inc. boosted its stake in Vipshop by 41.5% during the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock valued at $56,000 after buying an additional 1,046 shares during the period. Sound Income Strategies LLC purchased a new position in Vipshop during the first quarter worth about $62,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Vipshop during the first quarter worth about $86,000. Hedge funds and other institutional investors own 48.82% of the company's stock.
Vipshop Stock Performance
Vipshop stock traded up $0.18 during mid-day trading on Friday, reaching $14.65. The company's stock had a trading volume of 3,170,327 shares, compared to its average volume of 3,793,237. The company has a market capitalization of $7.52 billion, a P/E ratio of 7.01, a PEG ratio of 1.52 and a beta of 0.60. The firm's fifty day moving average price is $13.85 and its two-hundred day moving average price is $14.30. Vipshop has a 12-month low of $11.50 and a 12-month high of $17.94.
Wall Street Analyst Weigh In
VIPS has been the topic of a number of recent research reports. Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research note on Tuesday, April 1st. Barclays lowered their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Finally, Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Vipshop has a consensus rating of "Hold" and a consensus target price of $15.10.
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Vipshop Company Profile
(
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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.
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