JA Solar Holdings, Co., Ltd. (JASO) Short Interest Update
JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 823,429 shares, an increase of 41.6% from the August 31st total of 581,694 shares. Based on an average daily volume of 1,356,813 shares, the short-interest ratio is currently 0.6 days.
Several analysts recently issued reports on the company. ValuEngine raised JA Solar Holdings, Co. from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 11th. Axiom Securities restated a “sell” rating on shares of JA Solar Holdings, Co. in a research note on Friday, September 8th. Credit Suisse Group set a $7.00 target price on JA Solar Holdings, Co. and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Zacks Investment Research raised JA Solar Holdings, Co. from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Roth Capital set a $7.00 target price on JA Solar Holdings, Co. and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $6.50.
JA Solar Holdings, Co. (NASDAQ JASO) opened at 7.52 on Tuesday. The firm has a market capitalization of $357.73 million, a PE ratio of 17.90 and a beta of 1.40. The stock’s 50 day moving average is $7.17 and its 200-day moving average is $6.68. JA Solar Holdings, Co. has a 52-week low of $4.42 and a 52-week high of $8.48.
JA Solar Holdings, Co. (NASDAQ:JASO) last posted its earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.37. JA Solar Holdings, Co. had a return on equity of 7.90% and a net margin of 2.89%. The company had revenue of $878.00 million for the quarter, compared to analyst estimates of $602.53 million. During the same period last year, the company earned $0.31 earnings per share. The business’s revenue was up 41.8% compared to the same quarter last year. Equities analysts expect that JA Solar Holdings, Co. will post $0.84 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of JASO. Public Employees Retirement System of Ohio raised its stake in shares of JA Solar Holdings, Co. by 10.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,400 shares of the solar energy provider’s stock valued at $244,000 after acquiring an additional 3,600 shares in the last quarter. Verition Fund Management LLC acquired a new stake in JA Solar Holdings, Co. in the 2nd quarter worth approximately $185,000. State Street Corp lifted its holdings in JA Solar Holdings, Co. by 17.6% in the 2nd quarter. State Street Corp now owns 147,625 shares of the solar energy provider’s stock worth $937,000 after purchasing an additional 22,121 shares during the last quarter. Shelton Capital Management lifted its holdings in JA Solar Holdings, Co. by 55.0% in the 2nd quarter. Shelton Capital Management now owns 155,000 shares of the solar energy provider’s stock worth $984,000 after purchasing an additional 55,000 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in JA Solar Holdings, Co. in the 2nd quarter worth approximately $944,000. 25.91% of the stock is currently owned by institutional investors and hedge funds.
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JA Solar Holdings, Co. Company Profile
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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