Vipshop Holdings Limited (VIPS) Forms $16.08 Double Top; Atkore International Group (ATKR) Shorts Decreased By 13.2%

Atkore International Group Inc (NYSE:ATKR) had a decrease of 13.2% in short interest. ATKR’s SI was 278,100 shares in April as released by FINRA. Its down 13.2% from 320,400 shares previously. With 504,300 avg volume, 1 days are for Atkore International Group Inc (NYSE:ATKR)’s short sellers to cover ATKR’s short positions. The SI to Atkore International Group Inc’s float is 0.98%. The stock increased 1.04% or $0.2 during the last trading session, reaching $19.38. About 425,857 shares traded. Atkore International Group Inc. (NYSE:ATKR) has declined 23.43% since April 4, 2017 and is downtrending. It has underperformed by 34.98% the S&P500.

Vipshop Holdings Limited (VIPS) formed double top with $17.53 target or 9.00% above today’s $16.08 share price. Vipshop Holdings Limited (VIPS) has $10.55 billion valuation. The stock decreased 0.37% or $0.06 during the last trading session, reaching $16.08. About 6.18 million shares traded. Vipshop Holdings Limited (NYSE:VIPS) has risen 21.34% since April 4, 2017 and is uptrending. It has outperformed by 9.79% the S&P500.

Atkore International Group Inc. manufactures and distributes electrical raceway products in the United States and internationally. The company has market cap of $898.87 million. The companyÂ’s electrical raceway products include metal, polyvinyl chloride, and flexible electrical conduit and fittings; armored cable and fittings; and cable tray and cable ladders for the non-residential construction and renovation markets. It has a 13.66 P/E ratio. It also offers mechanical products and solutions comprising metal framing and fittings, mechanical pipes, flexible sprinkler drops, and barbed tapes, as well as construction services for the construction and industrial markets.

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 9.70% above currents $16.08 stock price. Vipshop Holdings Limited had 42 analyst reports since August 12, 2015 according to SRatingsIntel. On Thursday, November 10 the stock rating was upgraded by Deutsche Bank to “Buy”. KeyBanc Capital Markets maintained Vipshop Holdings Limited (NYSE:VIPS) rating on Monday, November 20. KeyBanc Capital Markets has “Buy” rating and $11.0 target. The stock of Vipshop Holdings Limited (NYSE:VIPS) earned “Neutral” rating by Bank of America on Monday, November 16. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, November 16. The stock of Vipshop Holdings Limited (NYSE:VIPS) has “Hold” rating given on Thursday, August 17 by Daiwa Securities. The stock has “Neutral” rating by Credit Suisse on Friday, February 26. The stock has “Buy” rating by Bank of America on Tuesday, August 16. As per Tuesday, February 13, the company rating was maintained by KeyBanc Capital Markets. On Wednesday, January 10 the stock rating was upgraded by Nomura to “Buy”. Jefferies maintained Vipshop Holdings Limited (NYSE:VIPS) on Monday, August 14 with “Buy” rating.

Analysts await Vipshop Holdings Limited (NYSE:VIPS) to report earnings on May, 21. They expect $0.13 EPS, down 13.33% or $0.02 from last year’s $0.15 per share. VIPS’s profit will be $85.30M for 30.92 P/E if the $0.13 EPS becomes a reality. After $0.19 actual EPS reported by Vipshop Holdings Limited for the previous quarter, Wall Street now forecasts -31.58% negative EPS growth.

Vipshop Holdings Limited (NYSE:VIPS) Ratings Chart