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

Vipshop Holdings Ltd – (NYSE:VIPS) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 10,098,800 shares, a decrease of 27.4% from the July 31st total of 13,900,800 shares. Based on an average daily volume of 6,670,000 shares, the short-interest ratio is currently 1.5 days. Approximately 1.7% of the company’s shares are short sold.

VIPS has been the topic of several recent analyst reports. CICC Research raised Vipshop from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 15th. Zacks Investment Research raised Vipshop from a “hold” rating to a “strong-buy” rating and set a $9.50 price target for the company in a research report on Wednesday, August 21st. Daiwa Capital Markets upgraded Vipshop from a “neutral” rating to a “buy” rating in a report on Friday, August 16th. Credit Suisse Group upgraded Vipshop from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 15th. Finally, ValuEngine raised Vipshop from a “strong sell” rating to a “sell” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Vipshop presently has an average rating of “Buy” and a consensus price target of $8.60.

Several hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its stake in shares of Vipshop by 308.7% in the 2nd quarter. Acadian Asset Management LLC now owns 7,315,917 shares of the technology company’s stock valued at $63,136,000 after purchasing an additional 5,525,949 shares during the period. Invesco Ltd. raised its holdings in Vipshop by 30.1% in the second quarter. Invesco Ltd. now owns 17,957,021 shares of the technology company’s stock worth $154,968,000 after purchasing an additional 4,155,879 shares in the last quarter. Morgan Stanley lifted its position in Vipshop by 26.0% during the second quarter. Morgan Stanley now owns 18,731,443 shares of the technology company’s stock valued at $161,651,000 after buying an additional 3,865,045 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Vipshop by 56.2% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,070,316 shares of the technology company’s stock valued at $43,757,000 after buying an additional 1,824,170 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Vipshop by 110.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,221,433 shares of the technology company’s stock valued at $27,801,000 after buying an additional 1,692,614 shares in the last quarter. Hedge funds and other institutional investors own 45.57% of the company’s stock.

Shares of VIPS traded up $0.33 during trading hours on Wednesday, reaching $9.53. 6,770,008 shares of the company traded hands, compared to its average volume of 7,669,457. Vipshop has a 12 month low of $4.30 and a 12 month high of $9.57. The company’s fifty day moving average price is $7.78 and its two-hundred day moving average price is $7.87. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 22.16 and a beta of 1.92.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Wednesday, August 14th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $1.46. Vipshop had a net margin of 2.97% and a return on equity of 14.63%. The company had revenue of $21.72 billion during the quarter, compared to the consensus estimate of $21.60 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. Vipshop’s revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that Vipshop will post 0.66 earnings per share for the current fiscal year.

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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