Short Interest in GDS Holdings Limited (NASDAQ:GDS) Rises By 40.6%

GDS Holdings Limited (NASDAQ:GDS) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 7,550,000 shares, a growth of 40.6% from the January 31st total of 5,370,000 shares. Based on an average daily trading volume, of 2,330,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 4.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JMP Securities assumed coverage on shares of GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective for the company. Jefferies Financial Group lowered GDS from a “buy” rating to a “hold” rating and boosted their price objective for the company from $27.06 to $45.00 in a research note on Monday, February 24th. StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Raymond James increased their price target on shares of GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Finally, Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.23.

GDS Price Performance

GDS stock traded up $3.47 during mid-day trading on Wednesday, hitting $38.91. 3,407,681 shares of the company traded hands, compared to its average volume of 3,523,035. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS has a one year low of $5.85 and a one year high of $52.50. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of -12.72 and a beta of 0.06. The stock has a fifty day moving average price of $28.66 and a 200-day moving average price of $22.91.

Institutional Investors Weigh In On GDS

Several institutional investors have recently bought and sold shares of GDS. Bamco Inc. NY boosted its holdings in shares of GDS by 10.5% during the fourth quarter. Bamco Inc. NY now owns 6,673,226 shares of the company’s stock worth $158,556,000 after purchasing an additional 632,671 shares during the period. Aspex Management HK Ltd lifted its stake in GDS by 23.0% in the fourth quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company’s stock worth $117,059,000 after acquiring an additional 922,709 shares during the period. Sachem Head Capital Management LP increased its position in GDS by 161.6% during the 3rd quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock valued at $57,630,000 after purchasing an additional 1,745,000 shares during the period. American Century Companies Inc. raised its holdings in GDS by 509.6% in the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock worth $55,206,000 after purchasing an additional 1,942,341 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in shares of GDS by 195.6% during the 4th quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company’s stock valued at $43,852,000 after purchasing an additional 1,221,289 shares in the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.