Short Interest Report: Could 21vianet Group Ads (NASDAQ:VNET) Change Direction After Less Shorts?

November 21, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest Report: Could 21vianet Group Ads (NASDAQ:VNET) Change Direction After Less Shorts?

The stock of 21vianet Group Ads (NASDAQ:VNET) registered a decrease of 7.7% in short interest. VNET’s total short interest was 4.00M shares in November as published by FINRA. Its down 7.7% from 4.33 million shares, reported previously. With 1.12 million shares average volume, it will take short sellers 4 days to cover their VNET’s short positions. The short interest to 21vianet Group Ads’s float is 8.45%. The stock closed at $7.51 during the last session. It is down 64.24% since April 19, 2016 and is downtrending. It has underperformed by 68.10% the S&P500.

21Vianet Group, Inc. is a carrier-neutral Internet data center services provider. The company has a market cap of $837.41 million. The Firm hosts its customers’ servers and networking equipment and provides interconnectivity. It currently has negative earnings. The Firm also provides managed network services to enable clients to deliver data across the Internet through its data transmission network and smart routing technology.

21Vianet Group Inc (NASDAQ:VNET) Ratings Coverage

Out of 2 analysts covering 21Vianet Group (NASDAQ:VNET), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. 21Vianet Group has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The rating was downgraded by JP Morgan on Wednesday, November 25 to “Neutral”. The stock of 21Vianet Group Inc (NASDAQ:VNET) has “Hold” rating given on Thursday, August 27 by Canaccord Genuity. The firm has “Underweight” rating by JP Morgan given on Wednesday, August 17. The firm has “Overweight” rating by Pacific Crest given on Friday, August 28.

VNET Company Profile

21Vianet Group, Inc., incorporated on October 16, 2009, is a carrier-neutral Internet data center services provider. The Firm hosts its customers’ servers and networking equipment and provides interconnectivity. The Firm also provides managed network services to enable clients to deliver data across the Internet through its data transmission network and smart routing technology. The Firm provides value-added services, such as content delivery network (CDN) services, virtual private network (VPN) services and last-mile wired broadband services. It offers public cloud services, private cloud and hybrid services. In addition, the Company also offers container data center service. The Company’s service offerings include hosting and related services, and managed network services.

More notable recent 21Vianet Group Inc (NASDAQ:VNET) news were published by: Fool.com which released: “21Vianet Group Inc. Stock Falls 14% — Here’s What Happened” on August 17, 2016, also Globenewswire.com with their article: “21Vianet Group, Inc. to Announce Second Quarter 2016 Financial Results” published on July 29, 2016, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on April 16, 2011. More interesting news about 21Vianet Group Inc (NASDAQ:VNET) were released by: Globenewswire.com and their article: “21Vianet Group, Inc. Announces Receipt of Withdrawal of Buyer Group’s Going …” published on June 30, 2016 as well as Globenewswire.com‘s news article titled: “21Vianet Group, Inc. Announces Issuance of RMB1.75 Billion Convertible Bonds …” with publication date: April 29, 2016.

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By Ruchi Gupta


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