Short Interest in JinkoSolar Holding Co., Ltd. (NYSE:JKS) Rises By 5.6%

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

JinkoSolar Price Performance

Shares of JinkoSolar stock opened at $26.01 on Friday. The firm has a market cap of $1.38 billion, a PE ratio of 44.09 and a beta of 0.35. The business has a 50-day moving average price of $24.71 and a 200 day moving average price of $22.33. The company has a quick ratio of 0.97, a current ratio of 1.22 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.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Barclays PLC lifted its stake in JinkoSolar by 30.2% in the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 537 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of JinkoSolar by 19.7% during the 3rd quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company’s stock valued at $1,197,000 after acquiring an additional 7,333 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of JinkoSolar during the 3rd quarter worth approximately $928,000. State Street Corp raised its position in JinkoSolar by 10.7% in the third quarter. State Street Corp now owns 696,763 shares of the semiconductor company’s stock valued at $18,687,000 after purchasing an additional 67,223 shares during the period. Finally, Verition Fund Management LLC acquired a new position in JinkoSolar in the third quarter valued at about $682,000. 35.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JKS has been the subject of several analyst reports. StockNews.com raised JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Jefferies Financial Group lifted their price target on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, JinkoSolar presently has a consensus rating of “Hold” and an average price target of $31.33.

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.