Traders are feeling more bearish recently at least if you consider the motion in short interest. The stock experienced a rise in short interest of 16.56% between August 15, 2017 and August 31, 2017. Short shares grew from 787,213 to 917,547 over that period. Days to cover increased 5.0 to 9.0 and the percentage of shorted shares is 0.01% as of August 31.
In the market the company is trading up by 0.80% percent from yesterday’s close. Company shares are trading at $11.41 which is just over $11.33, the 50 day moving average and which is marginally over the 200 day moving average of $11.33. The 50 day moving average went up by +0.69% and the 200 day average went up $0.08 or +0.69%.
As of the last earnings report the EPS was $-0.66 and is estimated to be $-0.45 for the current year with 95,077,000 shares now outstanding. Next quarter’s EPS is forecasted to be $-0.12 and the next full year EPS is projected to be $-0.17.
GDS Holdings Ltd is a developer and operator of data centers in PRC. The Company offers colocation and managed services, including managed cloud value proposition to internet companies, financial institutions, telecommunications and IT service providers..