GDS Holdings Limited (NASDAQ:GDS – Get Rating) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 9,140,000 shares, a drop of 5.5% from the May 15th total of 9,670,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is presently 7.3 days. Currently, 5.4% of the company’s stock are sold short.
Institutional Investors Weigh In On GDS
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC increased its stake in shares of GDS by 66.3% during the 1st quarter. Squarepoint Ops LLC now owns 27,736 shares of the company’s stock worth $518,000 after purchasing an additional 11,053 shares during the last quarter. Geode Capital Management LLC boosted its holdings in GDS by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 99,140 shares of the company’s stock worth $1,863,000 after buying an additional 1,628 shares during the period. Balyasny Asset Management L.P. bought a new position in GDS in the 1st quarter valued at $8,292,000. Deutsche Bank AG lifted its holdings in shares of GDS by 94.5% during the 1st quarter. Deutsche Bank AG now owns 334,927 shares of the company’s stock worth $6,250,000 after acquiring an additional 162,699 shares during the last quarter. Finally, HAP Trading LLC lifted its holdings in shares of GDS by 86.3% during the 1st quarter. HAP Trading LLC now owns 52,173 shares of the company’s stock worth $974,000 after acquiring an additional 24,172 shares during the last quarter. Hedge funds and other institutional investors own 38.02% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on GDS shares. HSBC started coverage on shares of GDS in a research note on Monday, June 12th. They issued a “buy” rating for the company. Citigroup raised their price objective on shares of GDS from $34.00 to $35.50 in a research report on Monday, February 20th. Royal Bank of Canada cut their price objective on shares of GDS from $17.00 to $13.00 in a research report on Wednesday, May 31st. Raymond James cut their price objective on shares of GDS from $35.00 to $25.00 in a research report on Friday, May 26th. Finally, StockNews.com initiated coverage on shares of GDS in a research report on Thursday, May 18th. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.94.
GDS Stock Performance
NASDAQ:GDS opened at $13.34 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.75. GDS has a 52 week low of $8.41 and a 52 week high of $35.62. The firm has a 50-day moving average price of $13.18 and a two-hundred day moving average price of $17.97.
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.