GDS Holdings Limited (NASDAQ:GDS) Short Interest Up 18.9% in April

GDS Holdings Limited (NASDAQ:GDS) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 12,440,000 shares, an increase of 18.9% from the April 15th total of 10,460,000 shares. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is currently 6.9 days. Approximately 7.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GDS. Signaturefd LLC boosted its position in GDS by 20.0% during the third quarter. Signaturefd LLC now owns 8,714 shares of the company’s stock valued at $95,000 after purchasing an additional 1,451 shares in the last quarter. abrdn plc boosted its holdings in shares of GDS by 16.4% in the 3rd quarter. abrdn plc now owns 203,408 shares of the company’s stock valued at $2,227,000 after buying an additional 28,600 shares in the last quarter. Barclays PLC grew its position in shares of GDS by 2,902.7% in the 3rd quarter. Barclays PLC now owns 87,019 shares of the company’s stock worth $953,000 after buying an additional 84,121 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of GDS by 76.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,630,386 shares of the company’s stock worth $17,853,000 after acquiring an additional 707,149 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in GDS during the third quarter valued at approximately $749,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. dropped their target price on GDS from $12.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. StockNews.com raised GDS to a “sell” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.69.

GDS Price Performance

NASDAQ:GDS traded up $0.09 during midday trading on Tuesday, hitting $8.53. The stock had a trading volume of 190,832 shares, compared to its average volume of 1,709,462. The stock has a 50-day moving average of $7.33 and a 200 day moving average of $7.98. GDS has a one year low of $5.01 and a one year high of $14.24. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 2.26.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Tuesday, March 26th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.23). The firm had revenue of $360.07 million for the quarter, compared to the consensus estimate of $363.21 million. GDS had a negative return on equity of 8.89% and a negative net margin of 43.25%. As a group, equities analysts predict that GDS will post -1.18 earnings per share for the current fiscal year.

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.