Short Interest in JA Solar Holdings, Co., Ltd. (JASO) Rises By 118.2%
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.
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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.
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