Boston, MA 05/29/2013 (wallstreetpr) – The prices of American Depository Receipts of Vipshop Holdings Ltd. ADR (NYSE:VIPS) had declined by 13.15 percent to close at $29.53 per ADR for the end of last trading session. The ADRs of the company had been trading in the range of $28.67 to $34.10 during the day.
The China’s leading online discount retailer for brands, Vipshop Holdings Ltd. ADR (NYSE:VIPS) conducts its businesses through the subsidiaries and consolidated affiliated entity in the People’s Republic of China. The company operates online retail sales of various brands to the consumers in China through its website vipshop.com and currently has obtained the rights to sell selective products from a total of 360 brands through its online stores.
Vipshop Holdings Ltd. ADR (NYSE:VIPS) owns seven registered trademarks, copyrights to six software programs developed by the company and four registered domain names for online shopping. The American Depository shares of Vipshop Holdings Ltd. ADR (NYSE:VIPS) had recorded 52 week high price level of $38.46 and 52 week low price level of $4.76 per ADR.
Vipshop Holdings Ltd. ADR (NYSE:VIPS) presently holds 50.58 million shares outstanding with an institutional ownership of 43 percent of the holdings. The shares of Vipshop Holdings Ltd. ADR (NYSE:VIPS) had been witnessing heavy volumes of trading in the recent days. The trading volume in the American Depository shares of the company was at 1.93 million ADRs for the last trading session, while the average trading volume for the company is only 568,612 ADRs per day.
