GDS Holdings Limited (NASDAQ:GDS) Sees Significant Increase in Short Interest

GDS Holdings Limited (NASDAQ:GDS) was the recipient of a significant growth in short interest during the month of 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. Currently, 4.1% of the shares of the company are short sold. Based on an average trading volume of 2,330,000 shares, the short-interest ratio is presently 3.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in GDS in the third quarter valued at approximately $64,000. PNC Financial Services Group Inc. grew its stake in shares of GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after buying an additional 672 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock worth $90,000 after buying an additional 3,599 shares during the last quarter. Blue Trust Inc. grew its stake in shares of GDS by 121.9% during the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after buying an additional 3,053 shares during the last quarter. Finally, Brookfield Corp ON bought a new stake in shares of GDS during the third quarter worth $171,000. 33.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GDS has been the subject of several research reports. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Royal Bank of Canada cut shares of GDS from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $26.00 to $37.00 in a report on Tuesday, February 25th. StockNews.com cut shares of GDS from a “hold” rating to a “sell” rating in a report on Friday. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. Finally, JMP Securities assumed coverage on shares of GDS in a report on Monday, January 27th. They set an “outperform” rating and a $35.00 target price on the stock. One investment 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 MarketBeat.com, GDS has an average rating of “Moderate Buy” and a consensus price target of $33.23.

GDS Price Performance

NASDAQ:GDS traded up $3.60 during mid-day trading on Tuesday, reaching $35.44. The stock had a trading volume of 6,964,840 shares, compared to its average volume of 3,529,819. The stock has a 50-day simple moving average of $28.66 and a two-hundred day simple moving average of $22.91. The stock has a market capitalization of $6.75 billion, a PE ratio of -11.62 and a beta of 0.06. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. GDS has a 12 month low of $5.85 and a 12 month high of $52.50.

About GDS

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.