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

Key Points

• Vipshop Holdings Limited (NYSE:VIPS) experienced an 11,316.1% increase in short interest in July, with a total of 6,530,000 shares short as of July 15th.
• The stock is currently rated as a "Hold" by analysts, with a consensus price target of $15.83, following recent downgrades from multiple brokerages.
• Institutional investors now own 48.82% of Vipshop's stock, with significant increases in stake from firms like Farther Finance Advisors LLC and Brooklyn Investment Group.

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 6,530,000 shares, agrowthof11,316.1% from the June 30th total of 57,200 shares. Approximately1.5% of the shares of the stock are sold short. Based on an average daily volume of 3,350,000 shares, the short-interest ratio is currently 1.9 days. Based on an average daily volume of 3,350,000 shares, the short-interest ratio is currently 1.9 days. Approximately1.5% of the shares of the stock are sold short.

Vipshop Trading Up 0.3%

VIPS traded up $0.04 during midday trading on Friday, hitting $15.13. 2,939,706 shares of the company traded hands, compared to its average volume of 3,584,958. The business has a 50 day simple moving average of $14.99 and a two-hundred day simple moving average of $14.78. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 1.68 and a beta of 0.58. Vipshop has a 52-week low of $11.50 and a 52-week high of $17.94.

Analysts Set New Price Targets

Several brokerages have recently commented on VIPS. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. reduced their price target on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Bank of America reduced their price target on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. Finally, Barclays reduced their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Vipshop currently has a consensus rating of "Hold" and an average target price of $15.83.

Institutional Investors Weigh In On Vipshop

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new stake in shares of Vipshop during the first quarter valued at about $35,000. Farther Finance Advisors LLC increased its position in shares of Vipshop by 209.2% during the second quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company's stock valued at $38,000 after acquiring an additional 1,726 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Vipshop by 1,695.2% during the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock valued at $41,000 after acquiring an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. boosted its stake in shares of Vipshop by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock valued at $56,000 after purchasing an additional 1,046 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in shares of Vipshop in the first quarter valued at approximately $62,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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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