JinkoSolar Holding Company Limited (NYSE:JKS) Short Interest Up 23.1% in February
by Teresa Graham · The Cerbat GemJinkoSolar Holding Company Limited (NYSE:JKS – Get Free Report) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 2,672,347 shares, an increase of 23.1% from the January 29th total of 2,170,650 shares. Based on an average daily volume of 775,438 shares, the short-interest ratio is presently 3.4 days. Currently, 6.5% of the company’s stock are sold short. Currently, 6.5% of the company’s stock are sold short. Based on an average daily volume of 775,438 shares, the short-interest ratio is presently 3.4 days.
JinkoSolar Stock Up 2.1%
JKS stock traded up $0.49 during midday trading on Wednesday, hitting $24.17. The company’s stock had a trading volume of 593,329 shares, compared to its average volume of 621,271. JinkoSolar has a 12 month low of $13.42 and a 12 month high of $31.88. The firm’s 50-day moving average is $27.10 and its 200-day moving average is $25.73. The company has a current ratio of 1.30, a quick ratio of 1.02 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.25 billion, a PE ratio of -2.64 and a beta of 0.55.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on JKS shares. Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. The Goldman Sachs Group raised their target price on JinkoSolar from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Wednesday, November 19th. Zacks Research cut shares of JinkoSolar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Roth Mkm raised their price objective on shares of JinkoSolar from $17.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Finally, UBS Group reissued a “neutral” rating on shares of JinkoSolar in a report on Friday, November 28th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $22.33.
Check Out Our Latest Research Report on JinkoSolar
Institutional Trading of JinkoSolar
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Trexquant Investment LP grew its holdings in shares of JinkoSolar by 2.1% in the fourth quarter. Trexquant Investment LP now owns 42,378 shares of the semiconductor company’s stock worth $1,094,000 after purchasing an additional 889 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of JinkoSolar by 5.3% during the 3rd quarter. Profund Advisors LLC now owns 18,650 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 937 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of JinkoSolar by 7.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 17,065 shares of the semiconductor company’s stock worth $440,000 after acquiring an additional 1,219 shares during the last quarter. MTM Investment Management LLC acquired a new position in JinkoSolar during the 2nd quarter valued at approximately $28,000. Finally, Raymond James Financial Inc. purchased a new position in JinkoSolar in the 2nd quarter worth $47,000. Hedge funds and other institutional investors own 35.82% of the company’s stock.
About JinkoSolar
JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.
JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.