Short Interest in GDS Holdings Limited (NASDAQ:GDS) Increases By 9.7%

GDS Holdings Limited (NASDAQ:GDS) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 5,880,000 shares, a growth of 9.7% from the December 31st total of 5,360,000 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average trading volume of 1,280,000 shares, the short-interest ratio is currently 4.6 days.

Institutional Investors Weigh In On GDS

A number of hedge funds have recently made changes to their positions in GDS. Alberta Investment Management Corp acquired a new position in GDS in the fourth quarter worth approximately $4,935,000. State of New Jersey Common Pension Fund D purchased a new position in GDS during the 4th quarter worth approximately $1,938,000. Macroview Investment Management LLC boosted its stake in shares of GDS by 37.4% during the 4th quarter. Macroview Investment Management LLC now owns 18,550 shares of the company’s stock valued at $441,000 after buying an additional 5,050 shares during the period. abrdn plc boosted its stake in shares of GDS by 5.4% during the 4th quarter. abrdn plc now owns 279,800 shares of the company’s stock valued at $6,648,000 after buying an additional 14,300 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of GDS by 26.5% during the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock valued at $21,360,000 after buying an additional 188,072 shares during the period. Institutional investors own 33.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GDS shares. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. StockNews.com raised shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. JMP Securities started coverage on shares of GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $26.00 price target on shares of GDS in a report on Wednesday, January 29th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, GDS currently has a consensus rating of “Buy” and an average price target of $22.60.

GDS Stock Performance

Shares of GDS traded up $3.97 during mid-day trading on Monday, reaching $25.68. 4,724,282 shares of the company’s stock traded hands, compared to its average volume of 2,101,273. The business’s 50-day moving average price is $21.78 and its 200-day moving average price is $19.13. The stock has a market capitalization of $4.89 billion, a P/E ratio of -8.42 and a beta of 0.12. 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 12 month low of $5.01 and a 12 month high of $29.17.

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.