21Vianet Group, Inc. – American (NASDAQ:VNET) Traded 17.7% Above Its 50 Day Moving Average


Shares last traded at $7.66 well above the 50 day moving average of $6.51 and significantly higher than the 200 day moving average of $5.43. The 50 day moving average went up by +17.62% whereas the 200 day moving average was up $2.23 or +41.02%. 15K shares changed hands in the last trading session. Overall, volume was down 97.73% under the stocks normal daily volume.

Traders are feeling more bullish on the company recently if you pay attention to the decrease in short interest. The firm had a fall in short interest of -17.62% as of September 29, 2017 from the last reporting period. Short interest decreased 712,530 over that period. The days to cover decreased to 4.0 and the percentage of shorted shares was 0.03% on September 29.

Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Trexquant Investment Lp had sold a total of 2,618 shares trimming its stake by 9.4%. The value of the investment in VNET went from $153,000 to $127,000 a change of 17.0% quarter over quarter. Granite Point Capital Management, L.p. cut its stake by selling 35,000 shares a decrease of 52.6%. Granite Point Capital Management, L.p. owns 31,500 shares with a value of $158,000. The value of the position overall is down by 56.7%.

Spq Asia Capital Ltd divested its investment by shedding 102,150 shares a decrease of 44.6% in the quarter. Spq Asia Capital Ltd currently owns 126,750 shares valued at $636,000. The total value of its holdings decreased 49.4%. As of quarter end Bank Of Montreal /can/ had disposed of 69,919 shares trimming its position 99.9%. The value in dollars decreased from $351,000 to $0 decreasing 100.0% for the reporting period.

In the last earnings report the EPS was $-1.09 and is expected to be $-0.47 for the current year with 112,500,000 shares outstanding. Analysts expect next quarter’s EPS will be $-0.05 and the next full year EPS is projected to be $-0.31.

21Vianet Group, Inc., launched on October 16, 2009, 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. The Company 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-based data center service. The Business’s service offerings include hosting and related services, and managed network services..