Vipshop Holdings Limited (VIPS) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $11. The average forecast of all the analysts is $13.67 and the expected standard deviation is $2.5.
Vipshop Holdings Limited (VIPS) has seen a rise of 5,894,105 shares or 17.9% in the short interest. The remaining shorts are 8.2% of the total floated shares. The net short interest, as on June 30,2016, stood at 38,868,044 shares and the stocks days to cover will be 6 by factoring in the average per day volume of 6,928,946 shares. On June 15,2016, 32,973,939 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In the latest statement by the brokerage house, JP Morgan downgrades its outlook on Vipshop Holdings Limited (NYSE:VIPS). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Overweight. The brokerage firm lowers the price target from $15 per share to $11 per share. The rating by the firm was issued on May 18, 2016.
Vipshop Holdings Limited (NYSE:VIPS): stock turned positive on Thursday. Though the stock opened at $12.73, the bulls momentum made the stock top out at $12.94 level for the day. The stock recorded a low of $12.66 and closed the trading day at $12.88, in the green by 2.38%. The total traded volume for the day was 4,018,372. The stock had closed at $12.58 in the previous days trading.
Vipshop Holdings Limited is a holding company. The Company, through its wholly owned subsidiaries, operates as an online discount retailer for brands in China. The Company offers a range of apparel, fashion goods, cosmetics, home goods and lifestyle products from domestic and international brands. The Companys product categories include womenswear, menswear, footwear, accessories, handbags, children, sportswear and sporting goods, cosmetics, home goods and other lifestyle products, luxury goods, and gifts and miscellaneous. The Company offers branded products to consumers through flash sales model on its vip.com Website. The Company has launched channels on its Website, which include Vipshop Beauty, Vipshop Home, Vipshop Baby and Global Sale. The Company also offers a range of products and services through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.