JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,348,719 shares, a growth of 118.2% from the November 30th total of 618,134 shares. Based on an average trading volume of 613,666 shares, the days-to-cover ratio is presently 2.2 days.

A number of large investors have recently modified their holdings of JASO. TIAA CREF Investment Management LLC lifted its position in JA Solar by 848.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock worth $2,107,000 after buying an additional 296,800 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of JA Solar by 1,558.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 199,376 shares of the solar energy provider’s stock worth $1,515,000 after purchasing an additional 187,354 shares during the last quarter. Teachers Advisors LLC acquired a new position in shares of JA Solar during the 2nd quarter worth about $1,162,000. Virtu KCG Holdings LLC acquired a new position in shares of JA Solar during the 2nd quarter worth about $944,000. Finally, Trexquant Investment LP acquired a new position in shares of JA Solar during the 3rd quarter worth about $432,000. 30.87% of the stock is currently owned by hedge funds and other institutional investors.

JASO has been the topic of several research reports. ValuEngine raised shares of JA Solar from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 11th. Zacks Investment Research cut shares of JA Solar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub cut shares of JA Solar from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Finally, Axiom Securities reissued a “sell” rating on shares of JA Solar in a research report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $6.81.

Shares of JA Solar (NASDAQ:JASO) opened at $7.43 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 1.03. JA Solar has a 52-week low of $4.42 and a 52-week high of $8.48. The company has a market cap of $354.98, a PE ratio of 4.82 and a beta of 1.27.

JA Solar (NASDAQ:JASO) last issued its quarterly earnings results on Wednesday, November 15th. The solar energy provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). JA Solar had a return on equity of 7.73% and a net margin of 2.84%. The business had revenue of $652.60 million for the quarter, compared to the consensus estimate of $609.78 million. During the same period last year, the firm earned $0.13 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. sell-side analysts anticipate that JA Solar will post 0.65 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://theolympiareport.com/2018/01/03/short-interest-in-ja-solar-holdings-co-ltd-jaso-rises-by-118-2.html.

About JA Solar

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.

Receive News & Ratings for JA Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JA Solar and related companies with MarketBeat.com's FREE daily email newsletter.