JA Solar Holdings Co. (JASO) Short Interest Update
JA Solar Holdings Co. (NASDAQ:JASO) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 891,082 shares, an increase of 42.1% from the October 31st total of 626,912 shares. Based on an average trading volume of 388,073 shares, the days-to-cover ratio is presently 2.3 days.
JA Solar Holdings (NASDAQ:JASO) opened at 5.48 on Tuesday. The stock’s 50 day moving average price is $5.91 and its 200-day moving average price is $6.80. JA Solar Holdings has a 12-month low of $5.19 and a 12-month high of $10.09.
JA Solar Holdings (NASDAQ:JASO) last issued its quarterly earnings results on Thursday, November 17th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.07. The company earned $624.30 million during the quarter, compared to the consensus estimate of $591.02 million. JA Solar Holdings had a return on equity of 7.74% and a net margin of 3.43%. JA Solar Holdings’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted $0.68 earnings per share. On average, equities research analysts anticipate that JA Solar Holdings will post $0.82 earnings per share for the current year.
JASO has been the subject of a number of recent analyst reports. Axiom Securities downgraded JA Solar Holdings from a “buy” rating to a “sell” rating in a research report on Friday, November 11th. Credit Suisse Group AG initiated coverage on JA Solar Holdings in a research report on Monday, November 14th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.62.
Hedge funds have recently modified their holdings of the stock. Boothbay Fund Management LLC purchased a new stake in JA Solar Holdings during the first quarter worth about $102,000. Bank of Montreal Can purchased a new stake in JA Solar Holdings during the second quarter worth about $109,000. Jane Street Group LLC increased its stake in JA Solar Holdings by 55.6% in the second quarter. Jane Street Group LLC now owns 18,873 shares of the company’s stock worth $129,000 after buying an additional 6,746 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in JA Solar Holdings by 96.1% in the second quarter. Public Employees Retirement System of Ohio now owns 20,200 shares of the company’s stock worth $138,000 after buying an additional 9,900 shares in the last quarter. Finally, KCG Holdings Inc. increased its stake in JA Solar Holdings by 97.1% in the third quarter. KCG Holdings Inc. now owns 21,512 shares of the company’s stock worth $129,000 after buying an additional 10,598 shares in the last quarter. 25.63% of the stock is owned by institutional investors.
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About JA Solar Holdings
JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.
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