Short Interest in Vipshop Holdings Ltd – (NYSE:VIPS) Declines By 32.6%

Vipshop Holdings Ltd – (NYSE:VIPS) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 10,298,382 shares, a decrease of 32.6% from the March 29th total of 15,273,014 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,725,610 shares, the days-to-cover ratio is presently 1.2 days.

Vipshop stock traded down $0.23 during trading hours on Friday, reaching $8.22. 5,131,641 shares of the company’s stock were exchanged, compared to its average volume of 8,324,389. Vipshop has a twelve month low of $4.30 and a twelve month high of $12.60. The company has a market cap of $5.49 billion, a P/E ratio of 19.12 and a beta of 1.94.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $26.08 billion during the quarter, compared to the consensus estimate of $26.78 billion. Vipshop had a return on equity of 12.71% and a net margin of 2.53%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $1.41 EPS. Analysts forecast that Vipshop will post 0.56 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in VIPS. PNC Financial Services Group Inc. lifted its position in shares of Vipshop by 101.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,508 shares of the technology company’s stock worth $25,000 after buying an additional 2,267 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Vipshop during the 1st quarter worth approximately $71,000. Cigna Investments Inc. New bought a new position in shares of Vipshop during the 4th quarter worth approximately $58,000. Cadence Capital Management LLC bought a new position in shares of Vipshop during the 1st quarter worth approximately $95,000. Finally, Hennessy Advisors Inc. bought a new position in shares of Vipshop during the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Vipshop from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a report on Saturday, April 27th. Macquarie downgraded Vipshop from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $7.00 to $5.90 in a report on Friday, February 22nd. Bank of America downgraded Vipshop from a “buy” rating to a “neutral” rating and set a $6.92 target price on the stock. in a report on Tuesday, February 19th. JPMorgan Chase & Co. raised Vipshop from a “neutral” rating to an “overweight” rating and raised their target price for the company from $6.50 to $11.00 in a report on Tuesday, April 30th. Finally, KeyCorp increased their price target on Vipshop from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Six analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Vipshop has an average rating of “Hold” and an average target price of $8.71.

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Vipshop Company Profile

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 casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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