Vipshop Holdings Limited (VIPS) Forms $16.00 Double Top; Gtt Communications (GTT) Shorts Increased By 3.91%

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Vipshop Holdings Limited (VIPS) formed double top with $16.48 target or 3.00% above today’s $16.00 share price. Vipshop Holdings Limited (VIPS) has $10.50B valuation. The stock increased 2.17% or $0.34 during the last trading session, reaching $16. About 7.03 million shares traded. Vipshop Holdings Limited (NYSE:VIPS) has risen 21.34% since April 18, 2017 and is uptrending. It has outperformed by 9.79% the S&P500.

Gtt Communications Inc (NYSE:GTT) had an increase of 3.91% in short interest. GTT’s SI was 3.60M shares in April as released by FINRA. Its up 3.91% from 3.46M shares previously. With 504,600 avg volume, 7 days are for Gtt Communications Inc (NYSE:GTT)’s short sellers to cover GTT’s short positions. The SI to Gtt Communications Inc’s float is 12.53%. The stock increased 3.12% or $1.55 during the last trading session, reaching $51.2. About 237,348 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 131.28% since April 18, 2017 and is uptrending. It has outperformed by 119.73% the S&P500.

Analysts await Vipshop Holdings Limited (NYSE:VIPS) to report earnings on May, 21. They expect $0.13 earnings per share, down 13.33% or $0.02 from last year’s $0.15 per share. VIPS’s profit will be $85.30 million for 30.77 P/E if the $0.13 EPS becomes a reality. After $0.19 actual earnings per share reported by Vipshop Holdings Limited for the previous quarter, Wall Street now forecasts -31.58% negative EPS growth.

Among 20 analysts covering Vipshop Holdings Limited (NYSE:VIPS), 15 have Buy rating, 1 Sell and 4 Hold. Therefore 75% are positive. Vipshop Holdings Limited has $27.30 highest and $9 lowest target. $17.64’s average target is 10.25% above currents $16 stock price. Vipshop Holdings Limited had 42 analyst reports since August 12, 2015 according to SRatingsIntel. On Tuesday, February 13 the stock rating was upgraded by Macquarie Research to “Buy”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, August 17. Jefferies maintained it with “Buy” rating and $1800 target in Thursday, July 13 report. The rating was upgraded by Daiwa Securities on Monday, December 18 to “Buy”. The company was downgraded on Friday, June 30 by Deutsche Bank. The rating was upgraded by Nomura on Wednesday, January 10 to “Buy”. Credit Suisse downgraded the shares of VIPS in report on Friday, February 26 to “Neutral” rating. The firm has “Buy” rating given on Monday, August 14 by Jefferies. KeyBanc Capital Markets maintained Vipshop Holdings Limited (NYSE:VIPS) on Monday, November 20 with “Buy” rating. The rating was downgraded by HSBC on Friday, August 18 to “Reduce”.

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