JinkoSolar Holding Co., Ltd. (NYSE:JKS) Sees Large Increase in Short Interest

JinkoSolar Holding Co., Ltd. (NYSE:JKS) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 5,620,000 shares, an increase of 5.6% from the November 30th total of 5,320,000 shares. Based on an average trading volume of 1,810,000 shares, the short-interest ratio is currently 3.1 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Signaturefd LLC increased its position in JinkoSolar by 108.0% during the third quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 647 shares during the last quarter. Barclays PLC increased its holdings in shares of JinkoSolar by 30.2% during the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock worth $62,000 after buying an additional 537 shares during the last quarter. Headlands Technologies LLC raised its position in shares of JinkoSolar by 607.7% in the 2nd quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock worth $84,000 after buying an additional 3,476 shares during the period. Banque Cantonale Vaudoise boosted its holdings in JinkoSolar by 198.1% in the third quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 5,265 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in JinkoSolar by 15.8% during the third quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock valued at $236,000 after acquiring an additional 1,200 shares during the period. 35.82% of the stock is currently owned by hedge funds and other institutional investors.

JinkoSolar Stock Performance

JinkoSolar stock opened at $24.90 on Thursday. The stock has a fifty day moving average price of $24.63 and a 200 day moving average price of $22.30. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. JinkoSolar has a 52 week low of $16.70 and a 52 week high of $37.36. The firm has a market capitalization of $1.32 billion, a P/E ratio of 42.20 and a beta of 0.35.

Analyst Ratings Changes

JKS has been the subject of several research reports. Jefferies Financial Group lifted their price objective on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. StockNews.com upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Finally, Roth Mkm dropped their price objective on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.33.

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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.