What’s Propelling 21vianet Group Inc – American Depositary Shares (NASDAQ:VNET) After Lower Shorts Reported?

March 15, 2018 - By Michael Collier

 What’s Propelling 21vianet Group Inc   American Depositary Shares (NASDAQ:VNET) After Lower Shorts Reported?

The stock of 21vianet Group Inc – American Depositary Shares (NASDAQ:VNET) registered a decrease of 16.49% in short interest. VNET’s total short interest was 659,400 shares in March as published by FINRA. Its down 16.49% from 789,600 shares, reported previously. With 474,400 shares average volume, it will take short sellers 1 days to cover their VNET’s short positions. The short interest to 21vianet Group Inc – American Depositary Shares’s float is 1.03%.

The stock decreased 1.95% or $0.16 during the last trading session, reaching $8.05. About 337,465 shares traded. 21Vianet Group, Inc. (NASDAQ:VNET) has declined 61.95% since March 15, 2017 and is downtrending. It has underperformed by 78.65% the S&P500.

21Vianet Group, Inc. provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People??s Republic of China. The company has market cap of $898.78 million. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services. It currently has negative earnings. The Company’s hosting and related services include managed hosting services that offer data center space to house its customers?? servers and networking equipment, and provide tailored server administration services; and interconnectivity services that enable clients to connect their servers with Internet backbones and other networks through its border gateway protocol network or single-line, dual-line, or multiple-line network.

21Vianet Group, Inc. (NASDAQ:VNET) Ratings Coverage

Among 4 analysts covering 21Vianet Group (NASDAQ:VNET), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. 21Vianet Group had 8 analyst reports since August 27, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Hold” rating and $7.5000 target in Friday, May 26 report. Canaccord Genuity maintained the shares of VNET in report on Thursday, August 27 with “Hold” rating. The stock of 21Vianet Group, Inc. (NASDAQ:VNET) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, January 17. The firm earned “Overweight” rating on Friday, August 28 by Pacific Crest. On Wednesday, November 25 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, November 29. The rating was downgraded by JP Morgan on Wednesday, August 17 to “Underweight”.

More recent 21Vianet Group, Inc. (NASDAQ:VNET) news were published by: Globenewswire.com which released: “21Vianet Group, Inc. Reports Unaudited Fourth Quarter and Full Year 2017 …” on March 12, 2018. Also Globenewswire.com published the news titled: “21Vianet Group, Inc. to Announce Fourth Quarter and Full Year 2017 Financial …” on February 26, 2018. Globenewswire.com‘s news article titled: “21Vianet and Microsoft Reinforce Long-term Cooperation on Cloud Services in China” with publication date: March 14, 2018 was also an interesting one.

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