21Vianet Group Inc (VNET) Sees Large Increase in Short Interest

21Vianet Group Inc (NASDAQ:VNET) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 830,174 shares, a growth of 48.2% from the May 31st total of 559,999 shares. Based on an average trading volume of 1,119,843 shares, the days-to-cover ratio is currently 0.7 days.

Shares of 21Vianet Group stock opened at $8.50 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.30 and a quick ratio of 2.30. 21Vianet Group has a 1 year low of $4.17 and a 1 year high of $9.59. The company has a market cap of $948.75 million, a P/E ratio of -35.42 and a beta of 1.89.

21Vianet Group (NASDAQ:VNET) last issued its quarterly earnings data on Thursday, May 17th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter. 21Vianet Group had a positive return on equity of 0.85% and a negative net margin of 18.29%. The firm had revenue of $127.66 million during the quarter. analysts forecast that 21Vianet Group will post -0.04 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP raised its position in shares of 21Vianet Group by 1,647.4% during the 4th quarter. Two Sigma Investments LP now owns 360,515 shares of the information technology services provider’s stock worth $2,877,000 after purchasing an additional 339,884 shares during the last quarter. Deutsche Bank AG raised its position in shares of 21Vianet Group by 5,392.9% during the 4th quarter. Deutsche Bank AG now owns 144,023 shares of the information technology services provider’s stock worth $1,149,000 after purchasing an additional 141,401 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of 21Vianet Group during the 4th quarter worth approximately $1,770,000. Geode Capital Management LLC raised its position in shares of 21Vianet Group by 19.8% during the 4th quarter. Geode Capital Management LLC now owns 40,713 shares of the information technology services provider’s stock worth $324,000 after purchasing an additional 6,728 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of 21Vianet Group during the 4th quarter worth approximately $331,000. Hedge funds and other institutional investors own 28.27% of the company’s stock.

Several equities research analysts have recently commented on the company. BidaskClub lowered 21Vianet Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 11th. Zacks Investment Research raised 21Vianet Group from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research note on Thursday, May 24th. Finally, ValuEngine lowered 21Vianet Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st.

21Vianet Group Company Profile

21Vianet Group, Inc provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services.

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