Short Interest in Vipshop Holdings Limited (NYSE:VIPS) Rises By 21.6%

Vipshop Holdings Limited (NYSE:VIPS) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 6,211,145 shares, an increase of 21.6% from the December 15th total of 5,106,695 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 2,504,140 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily volume of 2,504,140 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.7% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VIPS. Wall Street Zen downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Barclays raised their target price on shares of Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Jefferies Financial Group reiterated a “buy” rating and set a $22.60 price target on shares of Vipshop in a report on Tuesday, December 30th. Finally, Zacks Research downgraded shares of Vipshop from a “hold” rating to a “strong sell” rating in a research note on Monday, December 22nd. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Vipshop by 29.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after purchasing an additional 1,126,983 shares in the last quarter. Strs Ohio purchased a new position in shares of Vipshop during the first quarter valued at $399,000. Exchange Traded Concepts LLC purchased a new position in shares of Vipshop during the second quarter valued at $1,825,000. Farther Finance Advisors LLC raised its holdings in shares of Vipshop by 209.2% in the second quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,726 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in Vipshop by 0.5% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 133,271 shares of the technology company’s stock worth $2,006,000 after acquiring an additional 657 shares during the period. Institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

VIPS stock opened at $17.16 on Wednesday. Vipshop has a 12 month low of $12.14 and a 12 month high of $21.08. The firm’s 50-day moving average is $19.02 and its 200 day moving average is $17.99. The company has a market capitalization of $8.80 billion, a PE ratio of 9.03, a P/E/G ratio of 1.42 and a beta of 0.72.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.