Vipshop Holdings Limited (NYSE:VIPS) Sees Significant Decline in Short Interest

Vipshop Holdings Limited (NYSE:VIPS) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 7,180,000 shares, a drop of 12.9% from the December 31st total of 8,240,000 shares. Based on an average daily trading volume, of 2,920,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Vipshop

A number of institutional investors and hedge funds have recently made changes to their positions in VIPS. Atomi Financial Group Inc. grew its stake in Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after acquiring an additional 702 shares in the last quarter. Signaturefd LLC increased its holdings in Vipshop by 5.1% during the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after purchasing an additional 817 shares during the period. Asset Management One Co. Ltd. raised its position in Vipshop by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock valued at $770,000 after purchasing an additional 954 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Vipshop by 17.5% in the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after buying an additional 1,487 shares during the period. Finally, Lester Murray Antman dba SimplyRich grew its position in shares of Vipshop by 1.0% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company’s stock worth $2,036,000 after buying an additional 1,526 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Price Performance

VIPS opened at $14.35 on Monday. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19. The firm has a market cap of $7.36 billion, a P/E ratio of 6.86, a PEG ratio of 1.50 and a beta of 0.30. The company has a 50 day simple moving average of $13.61 and a two-hundred day simple moving average of $13.85.

Wall Street Analyst Weigh In

A number of research analysts have commented on VIPS shares. Barclays assumed coverage on shares of Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target on the stock. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Finally, Citigroup dropped their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.