JinkoSolar Holding Co., Ltd. (NYSE:JKS) Short Interest Down 6.6% in February

JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Rating) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,690,000 shares, a decrease of 6.6% from the January 31st total of 1,810,000 shares. Based on an average trading volume of 992,700 shares, the short-interest ratio is currently 1.7 days.

JinkoSolar Stock Performance

JKS opened at $56.65 on Wednesday. The firm has a market capitalization of $2.84 billion, a P/E ratio of -246.29 and a beta of 0.83. The stock’s 50 day moving average price is $52.66 and its two-hundred day moving average price is $51.88. The company has a quick ratio of 0.77, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. JinkoSolar has a 12-month low of $36.51 and a 12-month high of $76.92.

Wall Street Analyst Weigh In

JKS has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on JinkoSolar from $38.00 to $41.00 in a report on Monday, January 30th. Roth Capital raised JinkoSolar from a “neutral” rating to a “buy” rating and increased their price objective for the company from $50.00 to $70.00 in a report on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, JinkoSolar presently has an average rating of “Hold” and an average target price of $59.75.

Institutional Trading of JinkoSolar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toroso Investments LLC acquired a new stake in JinkoSolar in the 3rd quarter valued at approximately $35,000. Quadrant Capital Group LLC lifted its position in shares of JinkoSolar by 98.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 690 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 343 shares during the period. Carmignac Gestion bought a new stake in shares of JinkoSolar in the 4th quarter worth approximately $38,000. Natixis bought a new stake in shares of JinkoSolar in the 4th quarter worth approximately $41,000. Finally, Wipfli Financial Advisors LLC bought a new stake in shares of JinkoSolar in the 3rd quarter worth approximately $89,000.

JinkoSolar Company Profile

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JinkoSolar Holding Co, Ltd. engages in the manufacture of solar modules. It distributes solar products and sells its solutions and services to a diversified international utility, commercial and residential customers. The company was founded by Xiande Li, Kangping Chen, and Xianhua Li on August 3, 2007 and is headquartered in Shangrao, China.