GDS Holdings Limited (NASDAQ:GDS) Short Interest Down 11.0% in November

GDS Holdings Limited (NASDAQ:GDS) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 5,000,000 shares, a drop of 11.0% from the October 31st total of 5,620,000 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average daily volume of 1,680,000 shares, the days-to-cover ratio is presently 3.0 days.

Wall Street Analysts Forecast Growth

GDS has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Bank of America upped their price target on shares of GDS from $12.40 to $22.40 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, Nomura Securities raised shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, GDS has an average rating of “Moderate Buy” and a consensus price target of $18.47.

GDS Stock Up 3.1 %

Shares of NASDAQ:GDS traded up $0.61 on Tuesday, reaching $20.41. 1,078,282 shares of the company’s stock were exchanged, compared to its average volume of 1,600,318. GDS has a fifty-two week low of $5.01 and a fifty-two week high of $24.74. The business’s 50-day moving average is $21.20 and its two-hundred day moving average is $15.21. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

Institutional Trading of GDS

Large investors have recently modified their holdings of the company. Swedbank AB bought a new position in shares of GDS during the 1st quarter valued at about $2,174,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of GDS during the 3rd quarter valued at about $27,212,000. Farallon Capital Management LLC boosted its position in shares of GDS by 72.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock valued at $11,391,000 after purchasing an additional 516,133 shares in the last quarter. Baupost Group LLC MA boosted its position in shares of GDS by 63.5% during the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock valued at $39,482,000 after purchasing an additional 1,649,952 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of GDS during the 3rd quarter valued at about $544,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

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.