Vipshop Holdings Limited (NYSE:VIPS) Sees Large Growth in Short Interest

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 7,620,000 shares, an increase of 32.3% from the May 15th total of 5,760,000 shares. Based on an average daily volume of 3,830,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.8% of the company's shares are short sold.

Vipshop Trading Down 1.1%

VIPS traded down $0.17 during mid-day trading on Tuesday, hitting $14.85. 2,777,910 shares of the stock were exchanged, compared to its average volume of 3,718,895. The firm's fifty day moving average is $14.00 and its two-hundred day moving average is $14.39. The company has a market cap of $7.62 billion, a PE ratio of 7.77, a PEG ratio of 2.56 and a beta of 0.57. Vipshop has a 1-year low of $11.50 and a 1-year high of $17.94.

Analyst Ratings Changes

Several brokerages have recently commented on VIPS. 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. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Finally, Barclays decreased their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Vipshop currently has an average rating of "Hold" and an average price target of $15.10.

Hedge Funds Weigh In On Vipshop

Several hedge funds and other institutional investors have recently made changes to their positions in VIPS. Wayfinding Financial LLC purchased a new position in shares of Vipshop in the 1st quarter valued at about $35,000. Brooklyn Investment Group boosted its stake in shares of Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock valued at $41,000 after buying an additional 2,475 shares during the period. Atlas Capital Advisors Inc. raised its position in shares of Vipshop by 41.5% during the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock worth $56,000 after acquiring an additional 1,046 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Vipshop during the 1st quarter worth about $62,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Vipshop during the 1st quarter worth about $86,000. Hedge funds and other institutional investors own 48.82% of the company's stock.

About Vipshop

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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