Vipshop Holdings Limited (NYSE:VIPS) Short Interest Update

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

Hedge Funds Weigh In On Vipshop

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

Vipshop Stock Performance

Vipshop stock opened at $13.61 on Friday. The firm has a 50 day moving average price of $14.32 and a 200 day moving average price of $14.12. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The company has a market capitalization 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.

Analyst Upgrades and Downgrades

VIPS has been the subject of several analyst reports. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and dropped their target price for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Barclays initiated coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Benchmark restated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Finally, StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.