Vipshop Holdings Limited (NYSE:VIPS) Short Interest Up 19.5% in August

Key Points

• Vipshop Holdings Limited experienced a significant increase in short interest, rising 19.5% to 6,140,000 shares by August 31, reflecting approximately 1.5% of its total shares sold short.
• Analysts have mixed views on the stock, with Citigroup raising its price target to $19.00 while Zacks Research downgraded it to a "hold," leading to an average price target of $18.33.
• Vipshop's stock is currently down 2.1%, trading at $18.38, with the company holding a market cap of $9.42 billion and a price-to-earnings ratio of 9.99.

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 6,140,000 shares, a growth of 19.5% from the August 15th total of 5,140,000 shares. Based on an average daily volume of 2,660,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.5% of the company's shares are sold short. Approximately 1.5% of the company's shares are sold short. Based on an average daily volume of 2,660,000 shares, the days-to-cover ratio is currently 2.3 days.

Vipshop Price Performance

Shares of NYSE:VIPS traded down $0.13 during trading on Monday, reaching $18.25. 1,485,364 shares of the company were exchanged, compared to its average volume of 2,620,631. The firm has a market capitalization of $9.36 billion, a PE ratio of 9.92, a P/E/G ratio of 2.07 and a beta of 0.70. The business's fifty day simple moving average is $16.61 and its 200-day simple moving average is $15.33. Vipshop has a 12-month low of $12.14 and a 12-month high of $18.91.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VIPS shares. Wall Street Zen raised shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. reduced their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Zacks Research lowered shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Bank of America reduced their price objective on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research report on Friday, July 18th. Finally, Citigroup raised their target price on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Vipshop presently has a consensus rating of "Moderate Buy" and an average price target of $18.33.

Hedge Funds Weigh In On Vipshop

Hedge funds and other institutional investors have recently modified their holdings of the business. Wayfinding Financial LLC bought a new position in shares of Vipshop during the first quarter valued at approximately $35,000. Farther Finance Advisors LLC boosted its stake 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 purchasing an additional 1,726 shares in the last quarter. Brooklyn Investment Group boosted its stake 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 purchasing an additional 2,475 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Vipshop by 1,187.1% during the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company's stock valued at $49,000 after purchasing an additional 3,027 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of Vipshop by 53.8% during the second quarter. Huntington National Bank now owns 3,323 shares of the technology company's stock valued at $50,000 after purchasing an additional 1,163 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors.

Vipshop Company Profile

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.