2 weeks Ago By ABMN Staff
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 ( Get Free Report ) 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. Further Reading Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter .
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