Short Interest in Chindata Group Holdings Limited (NASDAQ:CD) Expands By 11.2%

Chindata Group Holdings Limited (NASDAQ:CDGet Rating) was the recipient of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 4,950,000 shares, an increase of 11.2% from the December 15th total of 4,450,000 shares. Based on an average daily volume of 1,770,000 shares, the days-to-cover ratio is presently 2.8 days.

Analysts Set New Price Targets

Several analysts have recently commented on CD shares. TheStreet downgraded shares of Chindata Group from a “c-” rating to a “d+” rating in a research report on Friday, October 28th. Citigroup reduced their price objective on shares of Chindata Group from $9.30 to $8.90 in a research report on Wednesday, November 23rd.

Institutional Investors Weigh In On Chindata Group

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. bought a new stake in Chindata Group in the 3rd quarter valued at about $73,731,000. MY.Alpha Management HK Advisors Ltd raised its stake in Chindata Group by 34.1% in the 3rd quarter. MY.Alpha Management HK Advisors Ltd now owns 7,809,556 shares of the company’s stock valued at $63,101,000 after acquiring an additional 1,985,521 shares during the period. Sylebra Capital Ltd raised its stake in Chindata Group by 1.4% in the 2nd quarter. Sylebra Capital Ltd now owns 7,208,216 shares of the company’s stock valued at $55,936,000 after acquiring an additional 96,224 shares during the period. Goldman Sachs Group Inc. raised its stake in Chindata Group by 5.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,382,133 shares of the company’s stock valued at $34,015,000 after acquiring an additional 278,887 shares during the period. Finally, Ward Ferry Management BVI Ltd raised its stake in Chindata Group by 7.9% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 4,435,528 shares of the company’s stock valued at $35,839,000 after acquiring an additional 323,400 shares during the period. 25.98% of the stock is currently owned by institutional investors.

Chindata Group Stock Performance

NASDAQ CD opened at $8.50 on Tuesday. The company has a fifty day simple moving average of $7.54 and a 200 day simple moving average of $7.41. Chindata Group has a 12-month low of $3.75 and a 12-month high of $9.08. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.70. The company has a market cap of $3.11 billion, a P/E ratio of 30.36 and a beta of 0.46.

Chindata Group (NASDAQ:CDGet Rating) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $169.07 million for the quarter, compared to the consensus estimate of $165.06 million. Chindata Group had a net margin of 16.32% and a return on equity of 6.26%. Sell-side analysts predict that Chindata Group will post 0.27 earnings per share for the current fiscal year.

Chindata Group Company Profile

(Get Rating)

Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, Malaysia, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services.

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