Short Interest in 21Vianet Group Inc (VNET) Decreases By 46.7%

21Vianet Group Inc (NASDAQ:VNET) was the recipient of a significant decline in short interest during the month of January. As of January 12th, there was short interest totalling 789,560 shares, a decline of 46.7% from the December 29th total of 1,480,438 shares. Based on an average daily volume of 703,007 shares, the days-to-cover ratio is presently 1.1 days.

Shares of 21Vianet Group (NASDAQ VNET) opened at $9.47 on Monday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.63. 21Vianet Group has a 52 week low of $4.17 and a 52 week high of $9.57. The firm has a market capitalization of $1,070.00, a P/E ratio of -3.67 and a beta of 1.42.

21Vianet Group (NASDAQ:VNET) last issued its quarterly earnings data on Tuesday, December 5th. The information technology services provider reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.06) by $1.93. 21Vianet Group had a negative return on equity of 3.50% and a negative net margin of 57.80%. equities research analysts expect that 21Vianet Group will post -0.48 EPS for the current year.

VNET has been the subject of several recent analyst reports. BidaskClub upgraded 21Vianet Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 16th. ValuEngine upgraded 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Morgan Stanley upgraded 21Vianet Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $6.30 to $9.50 in a research note on Wednesday, October 4th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. lifted its stake in 21Vianet Group by 73.5% in the fourth quarter. Fox Run Management L.L.C. now owns 19,775 shares of the information technology services provider’s stock valued at $158,000 after buying an additional 8,375 shares during the last quarter. Bank of Montreal Can lifted its stake in 21Vianet Group by 128,700.0% in the fourth quarter. Bank of Montreal Can now owns 64,400 shares of the information technology services provider’s stock valued at $514,000 after buying an additional 64,350 shares during the last quarter. California Public Employees Retirement System lifted its stake in 21Vianet Group by 37.6% in the third quarter. California Public Employees Retirement System now owns 160,196 shares of the information technology services provider’s stock valued at $912,000 after buying an additional 43,796 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 21Vianet Group by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,084,143 shares of the information technology services provider’s stock valued at $6,167,000 after buying an additional 65,275 shares during the last quarter. Finally, Westpac Banking Corp purchased a new stake in 21Vianet Group in the third quarter valued at approximately $426,000. Institutional investors own 19.74% of the company’s stock.

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About 21Vianet Group

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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