Will Jinkosolar Holding Company Limited American Deposi (NYSE:JKS) Run Out of Steam Soon? Short Interest Is Down

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 October 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 decreased 0.51% or $0.08 during the last trading session, reaching $15.71. About 744,841 shares traded. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has risen 45.65% since October 12, 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 $691.45 million. It offers solar modules, solar cells, silicon ingots, silicon wafers, and recovered silicon materials. It has a 12.21 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 40.04% above currents $15.71 stock price. JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares) had 4 analyst reports since June 18, 2019 according to SRatingsIntel. The stock has “Neutral” rating by UBS on Tuesday, June 18. The stock has “Neutral” rating by Credit Suisse on Monday, July 1. On Tuesday, September 3 the stock rating was maintained by Credit Suisse with “Neutral”.

More notable recent JinkoSolar Holding Co., Ltd. (NYSE:JKS) news were published by: Finance.Yahoo.com which released: “JKS or RUN: Which Is the Better Value Stock Right Now? – Yahoo Finance” on July 11, 2019, also Seekingalpha.com with their article: “Tesla: Solar Is On The Rise – Seeking Alpha” published on October 12, 2019, Finance.Yahoo.com published: “JKS vs. RUN: Which Stock Is the Better Value Option? – Yahoo Finance” on June 25, 2019. More interesting news about JinkoSolar Holding Co., Ltd. (NYSE:JKS) were released by: Fool.com and their article: “The Latest Solar Company Taking a Buyout – The Motley Fool” published on October 19, 2018 as well as Benzinga.com‘s news article titled: “5 Stocks To Watch For June 28, 2019 – Benzinga” with publication date: June 28, 2019.

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

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