21Vianet Group Inc (NASDAQ:VNET) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,260,000 shares, an increase of 13.5% from the June 30th total of 1,110,000 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 1,470,000 shares, the days-to-cover ratio is currently 0.9 days.
Several large investors have recently added to or reduced their stakes in VNET. Credit Suisse AG lifted its stake in 21Vianet Group by 14.1% in the 4th quarter. Credit Suisse AG now owns 56,622 shares of the information technology services provider’s stock valued at $411,000 after acquiring an additional 7,000 shares in the last quarter. Marshall Wace LLP bought a new stake in 21Vianet Group in the 4th quarter valued at approximately $68,000. Cubist Systematic Strategies LLC bought a new stake in 21Vianet Group in the 4th quarter valued at approximately $166,000. Norges Bank bought a new stake in 21Vianet Group in the 4th quarter valued at approximately $11,879,000. Finally, Cornerstone Investment Partners LLC bought a new stake in 21Vianet Group in the 1st quarter valued at approximately $147,000. Institutional investors and hedge funds own 39.96% of the company’s stock.
NASDAQ:VNET opened at $21.74 on Friday. 21Vianet Group has a fifty-two week low of $6.31 and a fifty-two week high of $30.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $2.46 billion, a PE ratio of -57.21 and a beta of 0.36. The business’s 50-day simple moving average is $22.67 and its 200-day simple moving average is $15.98.
21Vianet Group (NASDAQ:VNET) last released its quarterly earnings data on Thursday, May 14th. The information technology services provider reported ($0.92) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.87). 21Vianet Group had a negative net margin of 8.15% and a negative return on equity of 6.23%. The business had revenue of $154.05 million for the quarter. On average, research analysts expect that 21Vianet Group will post -0.05 earnings per share for the current year.
A number of analysts recently commented on VNET shares. Zacks Investment Research lowered 21Vianet Group from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research report on Saturday, May 16th. ValuEngine lowered 21Vianet Group from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. DBS Vickers assumed coverage on 21Vianet Group in a research report on Tuesday, July 14th. They set a “buy” rating for the company. Jefferies Financial Group assumed coverage on 21Vianet Group in a research report on Tuesday, June 16th. They set a “buy” rating for the company. Finally, UBS Group assumed coverage on 21Vianet Group in a research report on Tuesday, July 14th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $18.93.
21Vianet Group Company Profile
21Vianet Group, Inc provides carrier and cloud-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.
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