21Vianet Group, Inc. (NASDAQ:VNET) was the recipient of a large decline in short interest during the month of October. As of October 13th, there was short interest totalling 1,886,050 shares, a decline of 43.4% from the September 29th total of 3,330,931 shares. Based on an average daily volume of 1,141,907 shares, the days-to-cover ratio is currently 1.7 days.

Several research analysts have weighed in on the company. BidaskClub raised 21Vianet Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Morgan Stanley raised 21Vianet Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $6.30 to $9.50 in a research report on Wednesday, October 4th.

21Vianet Group (NASDAQ:VNET) opened at 7.47 on Friday. 21Vianet Group has a 52-week low of $4.17 and a 52-week high of $8.52. The firm’s market cap is $840.38 million. The firm’s 50 day moving average price is $6.61 and its 200 day moving average price is $5.46.

Several hedge funds have recently bought and sold shares of VNET. Dimensional Fund Advisors LP lifted its holdings in shares of 21Vianet Group by 149.0% in the first quarter. Dimensional Fund Advisors LP now owns 655,611 shares of the information technology services provider’s stock valued at $3,602,000 after purchasing an additional 392,311 shares in the last quarter. UBS Group AG lifted its holdings in shares of 21Vianet Group by 874.9% in the first quarter. UBS Group AG now owns 19,323 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 17,341 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of 21Vianet Group by 8.1% in the first quarter. Public Employees Retirement System of Ohio now owns 25,300 shares of the information technology services provider’s stock valued at $139,000 after purchasing an additional 1,900 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of 21Vianet Group by 321.3% in the second quarter. Bank of Montreal Can now owns 69,969 shares of the information technology services provider’s stock valued at $351,000 after purchasing an additional 53,361 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of 21Vianet Group by 119.2% in the second quarter. Aperio Group LLC now owns 26,489 shares of the information technology services provider’s stock valued at $133,000 after purchasing an additional 14,403 shares in the last quarter. Institutional investors own 19.68% of the company’s stock.

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21Vianet Group Company Profile

21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.

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