Vipshop Holdings Limited (NYSE:VIPS) Short Interest Update

Vipshop Holdings Limited (NYSE:VIPS) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 8,320,000 shares, a decline of 17.3% from the November 15th total of 10,060,000 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 3,470,000 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Trading of Vipshop

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Advisors LLC acquired a new position in Vipshop during the first quarter worth approximately $232,000. Assenagon Asset Management S.A. boosted its holdings in shares of Vipshop by 13.8% in the second quarter. Assenagon Asset Management S.A. now owns 22,478 shares of the technology company’s stock valued at $293,000 after acquiring an additional 2,729 shares during the period. Blue Trust Inc. grew its position in shares of Vipshop by 1,904.0% during the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after acquiring an additional 3,351 shares during the last quarter. Summit Global Investments increased its holdings in shares of Vipshop by 92.3% in the 2nd quarter. Summit Global Investments now owns 107,775 shares of the technology company’s stock valued at $1,403,000 after acquiring an additional 51,722 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Vipshop by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 532,050 shares of the technology company’s stock valued at $6,927,000 after purchasing an additional 39,686 shares during the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Price Performance

Shares of VIPS opened at $13.61 on Friday. The firm has a fifty day moving average price of $14.32 and a 200 day moving average price of $14.12. The stock has a market cap of $6.99 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 1.58 and a beta of 0.31. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19.

Wall Street Analyst Weigh In

VIPS has been the topic of several analyst reports. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. Morgan Stanley decreased their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Barclays initiated coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.50.

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.