GDS Holdings Limited (NASDAQ:GDS – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 7,450,000 shares, an increase of 6.6% from the August 31st total of 6,990,000 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average trading volume of 1,600,000 shares, the short-interest ratio is currently 4.7 days.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on GDS. Bank of America increased their price target on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Nomura Securities raised shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada upgraded shares of GDS from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $13.00 to $14.00 in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.29.
Check Out Our Latest Research Report on GDS
Institutional Trading of GDS
GDS Price Performance
Shares of NASDAQ:GDS traded up $1.98 during trading on Tuesday, reaching $22.38. The company had a trading volume of 2,143,532 shares, compared to its average volume of 1,625,357. The company has a fifty day moving average of $15.03 and a two-hundred day moving average of $10.85. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 2.30. The stock has a market capitalization of $4.26 billion, a P/E ratio of -6.89 and a beta of 0.24. GDS has a 12 month low of $5.01 and a 12 month high of $22.77.
GDS (NASDAQ:GDS – Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. The firm had revenue of $388.92 million during the quarter, compared to analysts’ expectations of $384.14 million. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. Equities research analysts forecast that GDS will post -1.14 earnings per share for the current 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.
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