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

JinkoSolar Holding Co., Ltd. (NYSE:JKS) was the target of a significant 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 daily trading volume, of 1,810,000 shares, the days-to-cover ratio is currently 3.1 days.

JinkoSolar Stock Up 4.5 %

NYSE:JKS opened at $26.01 on Friday. 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 twelve month low of $16.70 and a twelve month high of $37.36. The company has a market cap of $1.38 billion, a PE ratio of 44.09 and a beta of 0.35. The company’s 50 day moving average is $24.71 and its two-hundred day moving average is $22.33.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JKS. Jefferies Financial Group lifted their price objective on shares of JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.33.

Institutional Investors Weigh In On JinkoSolar

Large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp lifted its position in JinkoSolar by 1.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,572,177 shares of the semiconductor company’s stock worth $53,296,000 after acquiring an additional 44,661 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of JinkoSolar by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 981,492 shares of the semiconductor company’s stock worth $20,357,000 after purchasing an additional 74,219 shares during the period. State Street Corp lifted its holdings in shares of JinkoSolar by 10.7% during the third quarter. State Street Corp now owns 696,763 shares of the semiconductor company’s stock worth $18,687,000 after purchasing an additional 67,223 shares during the period. Marshall Wace LLP increased its holdings in JinkoSolar by 49.5% in the 2nd quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company’s stock worth $9,277,000 after buying an additional 148,268 shares during the period. Finally, Decade Renewable Partners LP purchased a new position in JinkoSolar during the 2nd quarter worth approximately $4,272,000. 35.82% of the stock is owned by hedge funds and other institutional investors.

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.