21Vianet Group Inc. (VNET) Sees Large Increase in Short Interest
21Vianet Group Inc. (NASDAQ:VNET) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 4,331,554 shares, a growth of 35.1% from the August 15th total of 3,206,402 shares. Based on an average daily trading volume, of 2,032,545 shares, the short-interest ratio is presently 2.1 days. Currently, 3.8% of the shares of the company are sold short.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of 21Vianet Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 20th. JPMorgan Chase & Co. downgraded shares of 21Vianet Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $21.00 to $5.60 in a research note on Wednesday, August 17th. Finally, Morgan Stanley assumed coverage on shares of 21Vianet Group in a research note on Friday, July 8th. They set an “underweight” rating and a $8.00 price objective for the company.
21Vianet Group (NASDAQ:VNET) opened at 8.24 on Thursday. The company’s 50-day moving average is $9.16 and its 200-day moving average is $13.76. 21Vianet Group has a 52-week low of $8.05 and a 52-week high of $21.32. The firm’s market capitalization is $938.12 million.
21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings data on Tuesday, August 16th. The company reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.08. 21Vianet Group had a negative net margin of 11.56% and a negative return on equity of 5.56%. The firm earned $137.10 million during the quarter, compared to analysts’ expectations of $127.83 million. During the same period in the prior year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts predict that 21Vianet Group will post ($0.59) EPS for the current year.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of 21Vianet Group by 2.5% in the first quarter. BlackRock Inc. now owns 17,482 shares of the company’s stock worth $349,000 after buying an additional 421 shares in the last quarter. UBS Group AG increased its stake in shares of 21Vianet Group by 4.1% in the first quarter. UBS Group AG now owns 50,273 shares of the company’s stock worth $1,004,000 after buying an additional 1,992 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 21Vianet Group by 17.3% in the first quarter. Geode Capital Management LLC now owns 21,980 shares of the company’s stock worth $438,000 after buying an additional 3,240 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of 21Vianet Group by 3.6% in the first quarter. BlackRock Fund Advisors now owns 105,432 shares of the company’s stock worth $2,105,000 after buying an additional 3,674 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in shares of 21Vianet Group by 11.3% in the first quarter. BlackRock Group LTD now owns 43,400 shares of the company’s stock worth $867,000 after buying an additional 4,391 shares in the last quarter. 28.57% of the stock is currently owned by institutional investors.
21Vianet Group Company Profile
21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.
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