GDS Holdings Limited (NASDAQ:GDS) Sees Large Growth in Short Interest

GDS Holdings Limited (NASDAQ:GDS) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 10,530,000 shares, a growth of 39.5% from the February 13th total of 7,550,000 shares. Based on an average daily volume of 2,730,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 5.7% of the shares of the stock are short sold.

Hedge Funds Weigh In On GDS

Institutional investors and hedge funds have recently made changes to their positions in the business. Bamco Inc. NY grew its stake in GDS by 10.5% in the fourth quarter. Bamco Inc. NY now owns 6,673,226 shares of the company’s stock worth $158,556,000 after purchasing an additional 632,671 shares in the last quarter. Aspex Management HK Ltd raised its holdings in shares of GDS by 23.0% during the fourth quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company’s stock worth $117,059,000 after purchasing an additional 922,709 shares during the period. Sachem Head Capital Management LP boosted its holdings in shares of GDS by 161.6% in the 3rd quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock valued at $57,630,000 after buying an additional 1,745,000 shares during the period. American Century Companies Inc. raised its stake in GDS by 509.6% during the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock worth $55,206,000 after acquiring an additional 1,942,341 shares during the period. Finally, Driehaus Capital Management LLC grew its holdings in shares of GDS by 195.6% during the fourth quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company’s stock valued at $43,852,000 after purchasing an additional 1,221,289 shares during the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Stock Performance

NASDAQ:GDS opened at $35.45 on Tuesday. GDS has a 1-year low of $5.85 and a 1-year high of $52.50. The stock has a market cap of $6.76 billion, a P/E ratio of -11.62 and a beta of 0.07. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50-day moving average of $31.11 and a two-hundred day moving average of $24.24.

Wall Street Analysts Forecast Growth

GDS has been the topic of several analyst reports. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research note on Monday, January 27th. Raymond James boosted their price target on GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Jefferies Financial Group downgraded GDS from a “buy” rating to a “hold” rating and increased their target price for the stock from $27.06 to $45.00 in a research report on Monday, February 24th. StockNews.com cut GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, Royal Bank of Canada lowered shares of GDS from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.23.

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.