Vipshop Holdings Ltd – (VIPS) Short Interest Up 15.6% in January

Vipshop Holdings Ltd – (NYSE:VIPS) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 31,421,573 shares, an increase of 15.6% from the January 12th total of 27,173,641 shares. Based on an average daily volume of 13,066,650 shares, the days-to-cover ratio is currently 2.4 days. Currently, 6.2% of the shares of the stock are short sold.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Vipshop from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. KeyCorp set a $17.00 price target on shares of Vipshop and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Nomura upped their price target on shares of Vipshop to $19.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Sanford C. Bernstein upgraded shares of Vipshop from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research report on Tuesday, January 16th. Finally, HSBC upgraded shares of Vipshop from a “reduce” rating to a “hold” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $13.43.

Vipshop (NYSE:VIPS) opened at $16.39 on Tuesday. Vipshop has a 1-year low of $7.79 and a 1-year high of $17.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.05 and a quick ratio of 0.74. The company has a market cap of $9,720.00, a price-to-earnings ratio of 32.78 and a beta of 2.45.

Vipshop (NYSE:VIPS) last released its earnings results on Monday, November 20th. The technology company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Vipshop had a net margin of 2.09% and a return on equity of 18.19%. research analysts expect that Vipshop will post 0.53 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in VIPS. Neuberger Berman Group LLC lifted its holdings in shares of Vipshop by 3,636.3% in the third quarter. Neuberger Berman Group LLC now owns 5,304,737 shares of the technology company’s stock worth $46,629,000 after buying an additional 5,162,758 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd lifted its holdings in shares of Vipshop by 921.0% in the third quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 4,758,700 shares of the technology company’s stock worth $41,829,000 after buying an additional 4,292,600 shares in the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of Vipshop by 553.9% in the third quarter. Pictet Asset Management Ltd. now owns 3,896,476 shares of the technology company’s stock worth $34,250,000 after buying an additional 3,300,586 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Vipshop by 19.7% in the fourth quarter. BlackRock Inc. now owns 20,007,313 shares of the technology company’s stock worth $234,485,000 after buying an additional 3,291,645 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Vipshop by 22.8% in the third quarter. Schroder Investment Management Group now owns 13,252,891 shares of the technology company’s stock worth $121,927,000 after buying an additional 2,461,480 shares in the last quarter. 51.87% of the stock is currently owned by hedge funds and other institutional investors.

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Vipshop Company Profile

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

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