Short Interest in GDS Holdings Limited (NASDAQ:GDS) Increases By 39.5%

GDS Holdings Limited (NASDAQ:GDS) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 10,530,000 shares, a growth of 39.5% from the February 13th total of 7,550,000 shares. Currently, 5.7% of the company’s shares are short sold. Based on an average daily trading volume, of 2,730,000 shares, the days-to-cover ratio is currently 3.9 days.

Hedge Funds Weigh In On GDS

Institutional investors have recently bought and sold shares of the stock. Bamco Inc. NY lifted its position in GDS by 128.6% during the third quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock valued at $123,227,000 after purchasing an additional 3,397,592 shares during the last quarter. American Century Companies Inc. lifted its position in GDS by 509.6% during the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock valued at $55,206,000 after purchasing an additional 1,942,341 shares during the last quarter. Triata Capital Ltd bought a new stake in shares of GDS in the 4th quarter worth about $41,472,000. Sachem Head Capital Management LP lifted its holdings in shares of GDS by 161.6% in the 3rd quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after acquiring an additional 1,745,000 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of GDS in the 3rd quarter worth about $27,212,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Price Performance

Shares of NASDAQ GDS traded up $0.18 during midday trading on Monday, reaching $35.45. The stock had a trading volume of 2,813,582 shares, compared to its average volume of 1,876,624. The stock has a 50-day moving average of $30.91 and a 200-day moving average of $24.11. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of -11.62 and a beta of 0.07. GDS has a 12-month low of $5.85 and a 12-month high of $52.50.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GDS shares. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. Royal Bank of Canada downgraded shares of GDS from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. JMP Securities started coverage on shares of GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, Jefferies Financial Group downgraded shares of GDS from a “buy” rating to a “hold” rating and upped their target price for the stock from $27.06 to $45.00 in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.23.

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.