JinkoSolar Holding Co., Ltd. (NYSE:JKS) Short Interest Up 15.6% in March

JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 3,030,000 shares, an increase of 15.6% from the March 15th total of 2,620,000 shares. Based on an average daily trading volume, of 907,000 shares, the short-interest ratio is currently 3.3 days.

JinkoSolar Stock Performance

NYSE JKS traded down $0.95 during trading hours on Friday, reaching $23.02. The company's stock had a trading volume of 730,730 shares, compared to its average volume of 981,208. The company has a current ratio of 1.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $25.70 and a 200 day simple moving average of $29.57. JinkoSolar has a 52 week low of $22.06 and a 52 week high of $51.35. The stock has a market cap of $1.21 billion, a PE ratio of 2.93 and a beta of 0.37.

JinkoSolar (NYSE:JKS - Get Free Report) last issued its earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.32 by ($1.11). JinkoSolar had a return on equity of 11.85% and a net margin of 2.89%. The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.08 billion. Equities research analysts predict that JinkoSolar will post 5.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JinkoSolar

A number of hedge funds have recently made changes to their positions in the business. Green Alpha Advisors LLC raised its holdings in shares of JinkoSolar by 21.9% during the first quarter. Green Alpha Advisors LLC now owns 75,993 shares of the semiconductor company's stock valued at $1,914,000 after buying an additional 13,674 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of JinkoSolar by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,576,610 shares of the semiconductor company's stock valued at $58,240,000 after acquiring an additional 22,254 shares during the period. Virtus Investment Advisers Inc. acquired a new position in shares of JinkoSolar during the fourth quarter valued at approximately $1,108,000. Barclays PLC increased its stake in shares of JinkoSolar by 126.7% during the fourth quarter. Barclays PLC now owns 149,506 shares of the semiconductor company's stock valued at $5,523,000 after acquiring an additional 83,550 shares during the period. Finally, Vienna Asset Management LLC acquired a new position in JinkoSolar in the fourth quarter worth approximately $268,000. Institutional investors own 35.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on JKS shares. StockNews.com cut JinkoSolar from a "hold" rating to a "sell" rating in a research report on Monday, April 8th. Roth Mkm reaffirmed a "neutral" rating and issued a $25.00 price objective (down previously from $50.00) on shares of JinkoSolar in a report on Thursday, March 21st. HSBC reiterated a "hold" rating and set a $30.00 price target on shares of JinkoSolar in a research report on Monday, February 5th. UBS Group cut their price objective on JinkoSolar from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, March 21st. Finally, Daiwa Capital Markets downgraded JinkoSolar from an "outperform" rating to a "neutral" rating and set a $25.00 price objective for the company. in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $26.60.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; and develops commercial solar power projects.

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