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

GDS Holdings Limited (NASDAQ:GDS) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 11,950,000 shares, an increase of 10.2% from the March 15th total of 10,840,000 shares. Based on an average daily volume of 1,860,000 shares, the short-interest ratio is currently 6.4 days. Approximately 7.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com upgraded shares of GDS to a “sell” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. decreased their price objective on shares of GDS from $12.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, GDS presently has a consensus rating of “Hold” and a consensus price target of $15.69.

GDS Stock Up 0.3 %

Shares of NASDAQ:GDS opened at $6.14 on Wednesday. GDS has a 1-year low of $5.01 and a 1-year high of $17.75. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.32. The company has a 50 day moving average price of $6.93 and a 200 day moving average price of $8.32.

Institutional Trading of GDS

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in shares of GDS by 16.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock valued at $49,289,000 after acquiring an additional 773,378 shares in the last quarter. Bank of America Corp DE lifted its position in GDS by 26.1% in the 1st quarter. Bank of America Corp DE now owns 1,970,537 shares of the company’s stock worth $36,770,000 after buying an additional 407,742 shares in the last quarter. Cerity Partners LLC lifted its position in GDS by 1.3% in the 4th quarter. Cerity Partners LLC now owns 1,891,807 shares of the company’s stock worth $39,009,000 after buying an additional 24,010 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in GDS by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,696,842 shares of the company’s stock worth $15,475,000 after buying an additional 66,456 shares in the last quarter. Finally, Toronado Partners LLC lifted its position in GDS by 56.9% in the 1st quarter. Toronado Partners LLC now owns 839,688 shares of the company’s stock worth $32,958,000 after buying an additional 304,363 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors.

GDS Company Profile

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.