A Reversal for Jinkosolar Holding Company Limited American Deposi (NYSE:JKS) Is Near. The Stock Has Decrease in Shorts

JinkoSolar Holding Co., Ltd. (NYSE:JKS) Logo

The stock of Jinkosolar Holding Company Limited American Deposi (NYSE:JKS) registered a decrease of 12.86% in short interest. JKS’s total short interest was 7.20M shares in September as published by FINRA. Its down 12.86% from 8.26M shares, reported previously. With 943,500 shares average volume, it will take short sellers 8 days to cover their JKS’s short positions.

The stock increased 2.19% or $0.42 during the last trading session, reaching $19.56. About 428,117 shares traded. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has risen 45.65% since September 13, 2018 and is uptrending. It has outperformed by 45.65% the S&P500.

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the PeopleÂ’s Republic of China and internationally. The company has market cap of $860.90 million. It offers solar modules, solar cells, silicon ingots, silicon wafers, and recovered silicon materials. It has a 15.2 P/E ratio. The firm sells its products to distributors, project developers, and system integrators under the JinkoSolar brand, as well as on an original equipment maker basis.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) Ratings Coverage

Among 2 analysts covering JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares) (NYSE:JKS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares) has $2500 highest and $1800 lowest target. $22’s average target is 12.47% above currents $19.56 stock price. JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares) had 3 analyst reports since June 18, 2019 according to SRatingsIntel. Credit Suisse maintained JinkoSolar Holding Co., Ltd. (NYSE:JKS) rating on Monday, July 1. Credit Suisse has “Neutral” rating and $1800 target. The firm earned “Neutral” rating on Tuesday, September 3 by Credit Suisse. On Tuesday, June 18 the stock rating was downgraded by UBS to “Neutral”.

More notable recent JinkoSolar Holding Co., Ltd. (NYSE:JKS) news were published by: Seekingalpha.com which released: “JinkoSolar’s Rise Isn’t Done – Seeking Alpha” on January 28, 2019, also Seekingalpha.com with their article: “JinkoSolar Holding Q2 2019 Earnings Preview – Seeking Alpha” published on August 29, 2019, Prnewswire.com published: “JinkoSolar Announces Proposed Follow-on Offering of 3,750,000 American Depositary Shares and Concurrent Private Placement of Up to US$85 Million Convertible Senior Notes – PRNewswire” on May 14, 2019. More interesting news about JinkoSolar Holding Co., Ltd. (NYSE:JKS) were released by: Streetinsider.com and their article: “Pre-Open 08/30: (SEAC) (AMBA) (MSGN) Higher (ULTA) (AOBC) (ALXN) Lower (more…) – StreetInsider.com” published on August 30, 2019 as well as Benzinga.com‘s news article titled: “A Peek Into The Markets: US Stock Futures Surge Ahead Of Economic Reports – Benzinga” with publication date: August 30, 2019.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.