VNET Group Inc ADR’s recently made public that its Affiliate Blackstone Tactical Opportunit acquired Company’s shares for reported $118.38 million on Mar 17 ’25. In the deal valued at $11.38 per share,10,402,130 shares were bought.
Goldman upgraded its VNET Group Inc ADR [VNET] rating to a Buy from a a Neutral in a research note published on November 29, 2024; the price target was increased to $5 from $3.10. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. BofA Securities also remained covering VNET and has increased its forecast on March 19, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of VNET
On Tuesday, VNET Group Inc ADR [NASDAQ:VNET] saw its stock fall -3.87% to $10.94. Over the last five days, the stock has lost -8.14%. VNET Group Inc ADR shares have risen nearly 130.80% since the year began. Nevertheless, the stocks have risen 466.84% over the past one year. While a 52-week high of $16.13 was reached on 02/20/25, a 52-week low of $1.42 was recorded on 01/02/25. SMA at 50 days reached $9.32, while 200 days put it at $4.57.
Levels Of Support And Resistance For VNET Stock
The 24-hour chart illustrates a support level at 10.59, which if violated will result in even more drops to 10.23. On the upside, there is a resistance level at 11.40. A further resistance level may holdings at 11.85. The Relative Strength Index (RSI) on the 14-day chart is 50.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.44%. Stochastics %K at 49.03% indicates the stock is a holding.
How much short interest is there in VNET Group Inc ADR?
A steep rise in short interest was recorded in VNET Group Inc ADR stocks on 2025-02-28, growing by 7.23 million shares to a total of 21.23 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 14.0 million shares. There was a rise of 34.05%, which implies that there is a positive sentiment for the stock.
