Short Interest in Vipshop Holdings Limited (NYSE:VIPS) Declines By 33.1%

Vipshop Holdings Limited (NYSE:VIPS) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 31,840,000 shares, a decline of 33.1% from the March 15th total of 47,570,000 shares. Based on an average trading volume of 14,890,000 shares, the short-interest ratio is presently 2.1 days.

A number of institutional investors have recently modified their holdings of VIPS. Guggenheim Capital LLC lifted its stake in Vipshop by 22.3% in the third quarter. Guggenheim Capital LLC now owns 36,078 shares of the technology company’s stock valued at $564,000 after buying an additional 6,586 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Vipshop by 1.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 470,018 shares of the technology company’s stock valued at $7,347,000 after acquiring an additional 5,800 shares during the period. IHT Wealth Management LLC bought a new position in Vipshop during the third quarter worth $173,000. Aurora Investment Counsel grew its holdings in Vipshop by 0.9% in the third quarter. Aurora Investment Counsel now owns 51,435 shares of the technology company’s stock worth $1,221,000 after purchasing an additional 448 shares during the period. Finally, Van ECK Associates Corp increased its stake in Vipshop by 13.3% in the third quarter. Van ECK Associates Corp now owns 17,361 shares of the technology company’s stock valued at $272,000 after purchasing an additional 2,034 shares in the last quarter. Hedge funds and other institutional investors own 49.36% of the company’s stock.

NYSE:VIPS traded up $0.70 on Friday, reaching $28.43. 16,609,238 shares of the stock traded hands, compared to its average volume of 14,481,623. The firm has a market capitalization of $19.29 billion, a price-to-earnings ratio of 27.34 and a beta of 0.81. The company’s 50 day moving average is $36.40 and its 200-day moving average is $28.06. The company has a current ratio of 1.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.01. Vipshop has a 1-year low of $14.16 and a 1-year high of $46.00.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Thursday, February 25th. The technology company reported $3.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $3.28. Vipshop had a net margin of 5.16% and a return on equity of 19.76%. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.18 billion. On average, equities research analysts forecast that Vipshop will post 1.06 EPS for the current fiscal year.

Several equities analysts have commented on the company. Macquarie increased their target price on Vipshop from $33.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, February 26th. JPMorgan Chase & Co. raised Vipshop from a “neutral” rating to an “overweight” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Vipshop from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Saturday, March 27th. Finally, Morgan Stanley raised shares of Vipshop from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $14.50 to $33.00 in a report on Monday, February 1st. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.50.

About Vipshop

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates through four segments, Vip.com, Shan Shan Outlets, Internet Finance, and Others. 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.

Further Reading: Price-Sales Ratio

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