GDS Holdings Limited (NASDAQ:GDS) Short Interest Update

GDS Holdings Limited (NASDAQ:GDSGet Rating) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 11,310,000 shares, a decrease of 18.9% from the March 15th total of 13,940,000 shares. Based on an average trading volume of 2,067,400 shares, the days-to-cover ratio is currently 5.5 days.

Large investors have recently added to or reduced their stakes in the stock. Anatole Investment Management Ltd purchased a new position in GDS during the 4th quarter valued at approximately $77,988,000. Goldman Sachs Group Inc. grew its holdings in GDS by 188.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,214,133 shares of the company’s stock valued at $104,419,000 after buying an additional 1,446,044 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in GDS by 21.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,176,405 shares of the company’s stock valued at $338,439,000 after buying an additional 1,261,960 shares in the last quarter. York Capital Management Global Advisors LLC grew its holdings in GDS by 243.7% during the 3rd quarter. York Capital Management Global Advisors LLC now owns 1,761,099 shares of the company’s stock valued at $99,696,000 after buying an additional 1,248,728 shares in the last quarter. Finally, Norges Bank purchased a new position in GDS during the 4th quarter valued at approximately $53,025,000. Hedge funds and other institutional investors own 53.92% of the company’s stock.

NASDAQ:GDS opened at $34.27 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.42 and a debt-to-equity ratio of 1.19. GDS has a 12-month low of $19.83 and a 12-month high of $87.69. The stock has a 50-day moving average price of $39.43 and a 200 day moving average price of $47.10. The stock has a market capitalization of $6.40 billion, a P/E ratio of -30.60 and a beta of 0.97.

GDS (NASDAQ:GDSGet Rating) last released its earnings results on Tuesday, March 22nd. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.02. GDS had a negative return on equity of 5.07% and a negative net margin of 16.17%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the business posted ($0.26) earnings per share. The firm’s revenue was up 34.0% on a year-over-year basis. On average, research analysts predict that GDS will post -1.66 earnings per share for the current fiscal year.

A number of research firms have weighed in on GDS. Morgan Stanley raised GDS from an “equal weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Wednesday, February 9th. Deutsche Bank Aktiengesellschaft raised GDS from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Thursday, March 24th. StockNews.com raised GDS to a “sell” rating in a report on Tuesday, February 22nd. Truist Financial lowered their target price on GDS from $115.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, February 8th. Finally, Zacks Investment Research raised GDS from a “sell” rating to a “hold” rating in a report on Tuesday, March 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $75.57.

GDS Company Profile (Get Rating)

GDS Holdings Ltd. engages in developing and operating data centers in China. It builds, operates, and transfers data centers at other locations. Its data centers are carrier and cloud-neutral, which enable customers to connect to major telecommunications carriers, and to access a number of cloud service providers.

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