GDS Holdings Limited (NASDAQ:GDS) Short Interest Down 9.5% in October

GDS Holdings Limited (NASDAQ:GDS) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 5,620,000 shares, a decrease of 9.5% from the October 15th total of 6,210,000 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 3.1% of the company’s stock are sold short.

GDS Trading Down 15.9 %

Shares of GDS stock traded down $3.73 during trading hours on Tuesday, reaching $19.76. The company had a trading volume of 2,708,734 shares, compared to its average volume of 1,594,626. GDS has a 1-year low of $5.01 and a 1-year high of $24.74. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of -6.43 and a beta of 0.23. The company has a 50 day moving average of $20.91 and a 200 day moving average of $14.46.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Tuesday, November 19th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.07. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the company earned ($0.32) earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities research analysts anticipate that GDS will post -1.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GDS. Bank of America boosted their target price on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Royal Bank of Canada upped their target price on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Nomura Securities upgraded GDS to a “strong-buy” rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.29.

Hedge Funds Weigh In On GDS

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after buying an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in GDS in the 3rd quarter valued at about $64,000. Vanguard Personalized Indexing Management LLC bought a new position in GDS during the second quarter worth about $108,000. Signaturefd LLC increased its holdings in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after acquiring an additional 1,215 shares during the last quarter. Finally, Brookfield Corp ON bought a new position in shares of GDS in the third quarter valued at about $171,000. Institutional investors own 33.71% of the company’s stock.

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.