Vipshop Holdings Ltd – (NYSE:VIPS) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 28,168,149 shares, an increase of 13.5% from the November 15th total of 24,824,805 shares. Currently, 5.6% of the company’s shares are short sold. Based on an average daily volume of 10,861,821 shares, the short-interest ratio is presently 2.6 days.
VIPS has been the subject of a number of recent analyst reports. BidaskClub raised shares of Vipshop from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Zacks Investment Research cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. KeyCorp set a $13.00 price target on shares of Vipshop and gave the stock a “buy” rating in a research report on Thursday, October 19th. UBS Group started coverage on shares of Vipshop in a research report on Monday, October 30th. They issued a “neutral” rating and a $9.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Vipshop from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, November 22nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Vipshop currently has a consensus rating of “Hold” and an average target price of $12.95.
Several large investors have recently added to or reduced their stakes in VIPS. 1st Global Advisors Inc. increased its stake in shares of Vipshop by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after acquiring an additional 160 shares during the period. FNY Partners Fund LP increased its stake in shares of Vipshop by 71.9% in the second quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock worth $116,000 after acquiring an additional 4,600 shares during the period. Advisors Preferred LLC acquired a new stake in shares of Vipshop in the third quarter worth $117,000. BB&T Securities LLC purchased a new stake in Vipshop during the second quarter worth $138,000. Finally, Financial Counselors Inc. boosted its holdings in Vipshop by 4.2% during the second quarter. Financial Counselors Inc. now owns 13,708 shares of the technology company’s stock worth $145,000 after buying an additional 547 shares in the last quarter. Hedge funds and other institutional investors own 52.93% of the company’s stock.
Shares of Vipshop (VIPS) traded up $0.53 during trading on Thursday, reaching $13.62. 14,894,456 shares of the company’s stock were exchanged, compared to its average volume of 13,062,382. The firm has a market cap of $7,790.00, a price-to-earnings ratio of 28.38 and a beta of 2.10. Vipshop has a twelve month low of $7.79 and a twelve month high of $15.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.05 and a quick ratio of 0.74.
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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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