Vipshop Holdings Ltd – (NYSE:VIPS) Short Interest Update

Vipshop Holdings Ltd – (NYSE:VIPS) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 13,892,500 shares, an increase of 6.4% from the May 15th total of 13,054,600 shares. Based on an average trading volume of 7,280,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 2.4% of the shares of the company are sold short.

A number of brokerages recently issued reports on VIPS. UBS Group cut shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 22nd. Daiwa Capital Markets upgraded shares of Vipshop from an “underperform” rating to a “neutral” rating in a research report on Friday, May 24th. Zacks Investment Research upgraded shares of Zymeworks from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Saturday, April 27th. Credit Suisse Group upgraded shares of Vipshop from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 23rd. Finally, ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Vipshop presently has an average rating of “Hold” and an average price target of $8.15.

NYSE:VIPS opened at $7.73 on Friday. The stock’s 50-day simple moving average is $7.96. The company has a market capitalization of $5.09 billion, a P/E ratio of 17.98 and a beta of 1.89. Vipshop has a one year low of $4.30 and a one year high of $10.39.

Vipshop (NYSE:VIPS) last posted its earnings results on Wednesday, May 22nd. The technology company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $20.55 billion. Vipshop had a net margin of 2.89% and a return on equity of 12.56%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. As a group, equities research analysts expect that Vipshop will post 0.58 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in VIPS. NN Investment Partners Holdings N.V. boosted its position in Vipshop by 46.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 37,200 shares of the technology company’s stock valued at $321,000 after buying an additional 11,800 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Vipshop in the 2nd quarter worth about $88,000. WT Asset Management Ltd purchased a new stake in shares of Vipshop in the 1st quarter worth about $4,826,000. Formula Growth Ltd. lifted its position in shares of Vipshop by 37.6% in the 1st quarter. Formula Growth Ltd. now owns 217,848 shares of the technology company’s stock worth $1,749,000 after purchasing an additional 59,553 shares during the period. Finally, Andra AP fonden purchased a new stake in shares of Vipshop in the 1st quarter worth about $7,354,000. Institutional investors and hedge funds own 46.06% of the company’s stock.

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

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