Short Interest in Vipshop Holdings Ltd – (VIPS) Grows By 18.8%

Vipshop Holdings Ltd – (NYSE:VIPS) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 16,782,182 shares, an increase of 18.8% from the February 15th total of 14,123,846 shares. Based on an average daily volume of 15,959,266 shares, the short-interest ratio is presently 1.1 days. Currently, 2.9% of the shares of the stock are sold short.

Several brokerages recently commented on VIPS. Zacks Investment Research raised shares of Vipshop from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Saturday, January 26th. Macquarie downgraded shares of Vipshop from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $5.90 in a research note on Friday, February 22nd. Credit Suisse Group downgraded shares of Vipshop from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 21st. ValuEngine raised shares of Vipshop from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Bank of America downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and set a $6.92 price objective for the company. in a research note on Tuesday, February 19th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.00.

Shares of NYSE VIPS opened at $7.80 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.05 and a debt-to-equity ratio of 0.03. Vipshop has a 52-week low of $4.30 and a 52-week high of $18.99. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 18.14 and a beta of 1.92.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Vipshop had a net margin of 2.53% and a return on equity of 12.71%. The firm had revenue of $26.08 billion during the quarter, compared to analysts’ expectations of $26.78 billion. During the same period in the prior year, the company posted $1.41 EPS. The company’s revenue was up 8.1% on a year-over-year basis. As a group, research analysts expect that Vipshop will post 0.56 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in VIPS. PNC Financial Services Group Inc. increased its position in Vipshop by 101.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,508 shares of the technology company’s stock valued at $25,000 after acquiring an additional 2,267 shares during the period. Cigna Investments Inc. New acquired a new stake in shares of Vipshop during the fourth quarter worth $58,000. Hennessy Advisors Inc. acquired a new stake in shares of Vipshop during the fourth quarter worth $69,000. CIBC Asset Management Inc increased its position in shares of Vipshop by 27.6% during the fourth quarter. CIBC Asset Management Inc now owns 13,196 shares of the technology company’s stock worth $72,000 after buying an additional 2,855 shares during the period. Finally, Wetherby Asset Management Inc. acquired a new stake in shares of Vipshop during the fourth quarter worth $82,000. Hedge funds and other institutional investors own 45.29% of the company’s stock.

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About Vipshop

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.

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