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.

TRADEMARK VIOLATION NOTICE: This news story was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this news story on another publication, it was copied illegally and republished in violation of international copyright and trademark law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/29/ja-solar-holdings-co-jaso-short-interest-update-2.html.

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.

5 Day Chart for NASDAQ:JASO

Receive News & Stock Ratings for JA Solar Holdings Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JA Solar Holdings Co. and related stocks with our FREE daily email newsletter.