JinkoSolar Holding Co., Ltd. (NYSE:JKS) Short Interest Update

JinkoSolar Holding Co., Ltd. (NYSE:JKS) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 4,530,000 shares, a decrease of 5.6% from the September 30th total of 4,800,000 shares. Based on an average trading volume of 1,210,000 shares, the short-interest ratio is currently 3.7 days.

JinkoSolar Trading Up 3.0 %

Shares of JKS stock opened at $27.37 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $21.79 and its two-hundred day moving average is $22.58. JinkoSolar has a twelve month low of $16.70 and a twelve month high of $38.65. The company has a market capitalization of $1.45 billion, a P/E ratio of 46.39 and a beta of 0.43.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings results on Friday, August 30th. The semiconductor company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.92. JinkoSolar had a net margin of 0.53% and a return on equity of 4.19%. The firm had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Equities analysts forecast that JinkoSolar will post -0.42 EPS for the current year.

JinkoSolar Announces Dividend

The business also recently announced a Variable dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a dividend of $1.50 per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 15.6%. JinkoSolar’s payout ratio is currently 501.69%.

Wall Street Analyst Weigh In

JKS has been the topic of several research reports. The Goldman Sachs Group reduced their price target on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, September 3rd. Roth Mkm lowered 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. Finally, StockNews.com raised JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, JinkoSolar presently has an average rating of “Hold” and an average target price of $24.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its holdings in JinkoSolar by 108.0% during the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 647 shares during the last quarter. Tidal Investments LLC increased its holdings in JinkoSolar by 4.0% in the 1st quarter. Tidal Investments LLC now owns 21,629 shares of the semiconductor company’s stock valued at $545,000 after purchasing an additional 825 shares in the last quarter. Profund Advisors LLC raised its holdings in shares of JinkoSolar by 8.5% during the 2nd quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 960 shares during the period. Green Alpha Advisors LLC raised its stake in shares of JinkoSolar by 2.1% during the third quarter. Green Alpha Advisors LLC now owns 71,548 shares of the semiconductor company’s stock valued at $1,919,000 after purchasing an additional 1,497 shares during the period. Finally, SG Americas Securities LLC increased its stake in JinkoSolar by 16.0% during the 2nd quarter. SG Americas Securities LLC now owns 21,321 shares of the semiconductor company’s stock worth $442,000 after buying an additional 2,939 shares during the period. 35.82% of the stock is currently owned by institutional investors and hedge funds.

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.