Short Interest in Vipshop Holdings Limited (NYSE:VIPS) Decreases By 18.9%

Vipshop Holdings Limited (NYSE:VIPS) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 5,820,000 shares, a decline of 18.9% from the January 15th total of 7,180,000 shares. Based on an average daily trading volume, of 3,010,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Vipshop

Institutional investors and hedge funds have recently bought and sold shares of the stock. Venturi Wealth Management LLC purchased a new stake in shares of Vipshop during the 3rd quarter valued at $56,000. Blue Trust Inc. raised its position in Vipshop by 140.6% during the third quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock valued at $133,000 after purchasing an additional 4,958 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Vipshop in the 4th quarter worth about $161,000. Atomi Financial Group Inc. increased its position in shares of Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,191 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in Vipshop during the fourth quarter valued at approximately $165,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VIPS has been the subject of several recent research reports. Citigroup decreased their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Finally, Barclays assumed coverage on shares of Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Vipshop currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Trading Down 0.9 %

Shares of Vipshop stock traded down $0.14 during trading on Friday, hitting $15.34. The stock had a trading volume of 3,497,063 shares, compared to its average volume of 2,725,060. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 7.34, a P/E/G ratio of 1.59 and a beta of 0.30. Vipshop has a 12 month low of $11.50 and a 12 month high of $20.19. The business’s 50-day moving average is $13.91 and its 200 day moving average is $13.94.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.