GDS Holdings Limited (NASDAQ:GDS) Short Interest Update

GDS Holdings Limited (NASDAQ:GDS) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 7,450,000 shares, a growth of 6.6% from the August 31st total of 6,990,000 shares. Based on an average daily volume of 1,600,000 shares, the days-to-cover ratio is currently 4.7 days. Approximately 4.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

GDS has been the topic of several recent research reports. Royal Bank of Canada upgraded shares of GDS from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $13.00 to $14.00 in a research note on Monday, July 8th. Bank of America upped their target price on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Finally, Nomura Securities upgraded GDS to a “strong-buy” rating in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GDS presently has a consensus rating of “Moderate Buy” and an average price target of $15.29.

GDS Stock Up 9.7 %

Shares of GDS stock opened at $22.38 on Wednesday. GDS has a 52-week low of $5.01 and a 52-week high of $22.77. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of -6.97 and a beta of 0.24. The firm’s 50-day moving average is $15.26 and its 200-day moving average is $10.95. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.39 and a current ratio of 1.39.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.07. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. The firm had revenue of $388.92 million for the quarter, compared to analyst estimates of $384.14 million. Sell-side analysts predict that GDS will post -1.14 EPS for the current year.

Hedge Funds Weigh In On GDS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC bought a new stake in shares of GDS during the second quarter worth approximately $108,000. Quadrature Capital Ltd acquired a new stake in GDS during the 4th quarter worth approximately $107,000. Marshall Wace LLP bought a new stake in GDS in the 2nd quarter valued at $203,000. Headlands Technologies LLC acquired a new position in GDS in the 2nd quarter valued at $256,000. Finally, Capstone Investment Advisors LLC bought a new position in GDS during the 1st quarter worth $188,000. 33.71% of the stock is owned by institutional investors.

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.