JinkoSolar Holding Co., Ltd. (NYSE:JKS) Short Interest Down 6.2% in June

JinkoSolar Holding Co., Ltd. (NYSE:JKS) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 3,500,000 shares, a decrease of 6.2% from the May 31st total of 3,730,000 shares. Based on an average daily volume of 880,200 shares, the short-interest ratio is currently 4.0 days.

Institutional Investors Weigh In On JinkoSolar

Several institutional investors and hedge funds have recently made changes to their positions in JKS. Signaturefd LLC increased its position in shares of JinkoSolar by 202.1% during the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 673 shares in the last quarter. Headlands Technologies LLC increased its position in shares of JinkoSolar by 217.0% during the fourth quarter. Headlands Technologies LLC now owns 3,199 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 2,190 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in shares of JinkoSolar during the fourth quarter valued at approximately $126,000. Daiwa Securities Group Inc. increased its position in shares of JinkoSolar by 117.1% during the first quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Banco BTG Pactual S.A. bought a new stake in shares of JinkoSolar during the first quarter valued at approximately $207,000. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Stock Up 5.3 %

Shares of JKS stock traded up $1.11 during trading hours on Wednesday, hitting $22.14. 107,666 shares of the company’s stock traded hands, compared to its average volume of 898,674. The stock’s fifty day simple moving average is $24.97 and its two-hundred day simple moving average is $26.69. JinkoSolar has a 12-month low of $19.93 and a 12-month high of $46.47. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 3.46 and a beta of 0.39. The company has a quick ratio of 0.77, a current ratio of 1.03 and a debt-to-equity ratio of 0.56.

JinkoSolar (NYSE:JKS) last released its earnings results on Monday, April 29th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.83. JinkoSolar had a net margin of 2.74% and a return on equity of 11.12%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.27 billion. On average, analysts expect that JinkoSolar will post 4.03 EPS for the current year.

Wall Street Analysts Forecast Growth

JKS has been the subject of a number of analyst reports. StockNews.com upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. UBS Group lowered their price objective on shares of JinkoSolar from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Roth Mkm restated a “neutral” rating and issued a $25.00 price objective on shares of JinkoSolar in a report on Tuesday, April 30th. Roth Capital lowered shares of JinkoSolar from a “buy” rating to a “neutral” rating in a report on Thursday, March 21st. Finally, The Goldman Sachs Group lowered their price objective on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, JinkoSolar has an average rating of “Hold” and a consensus price target of $26.60.

JinkoSolar Company Profile

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.