GDS Holdings Limited (NASDAQ:GDS – Get Free Report) was the target of a large increase in short interest during 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. Approximately 4.2% of the company’s stock are short sold. Based on an average daily volume of 1,600,000 shares, the short-interest ratio is presently 4.7 days.
Analyst Upgrades and Downgrades
Several research firms have commented on GDS. Nomura Securities raised shares of GDS to a “strong-buy” rating in a research report on Monday, August 26th. Bank of America increased their price objective on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, Royal Bank of Canada raised GDS from a “sector perform” rating to an “outperform” rating and raised their price objective for the company 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 assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.29.
Institutional Investors Weigh In On GDS
GDS Stock Performance
GDS stock traded up $1.98 on Tuesday, reaching $22.38. 2,142,481 shares of the stock were exchanged, compared to its average volume of 1,625,357. The stock has a market cap of $4.26 billion, a PE ratio of -6.89 and a beta of 0.24. The firm has a fifty day moving average price of $15.03 and a two-hundred day moving average price of $10.85. GDS has a twelve month low of $5.01 and a twelve month high of $22.77. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 2.30.
GDS (NASDAQ:GDS – Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.07. The business 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%. Sell-side analysts anticipate that GDS will post -1.14 EPS 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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