21Vianet Short Interest Up 45.2% in May (VNET)
Shares of 21Vianet (NASDAQ:VNET) were the target of a large growth in short interest in May. As of May 30th, there was short interest totalling 3,216,772 shares, a growth of 45.2% from the May 15th total of 2,215,183 shares, Analyst Ratings Net reports. Based on an average daily trading volume, of 1,046,060 shares, the short-interest ratio is presently 3.1 days. Currently, 5.7% of the company’s stock are sold short.
Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of 21Vianet in a research note on Thursday, June 5th. They now have a $35.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $27.38.
Shares of 21Vianet (NASDAQ:VNET) opened at 27.64 on Wednesday. 21Vianet has a one year low of $10.74 and a one year high of $32.19. The stock has a 50-day moving average of $25.62 and a 200-day moving average of $24.61. The company’s market cap is $1.837 billion.
21Vianet (NASDAQ:VNET) last released its earnings data on Thursday, May 22nd. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.10 by $0.02. The company had revenue of $94.27 million for the quarter, compared to the consensus estimate of $93.53 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 34.3% on a year-over-year basis. Analysts expect that 21Vianet will post $0.59 EPS for the current fiscal year.
21Vianet Group, Inc, formerly AsiaCloud Inc, is a holding company. The Company is a carrier-neutral Internet data center services provider in the People’s Republic of China.
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