JA Solar Holdings Co., Ltd. Short Interest Up 28.2% in April (JASO)
Shares of JA Solar Holdings Co., Ltd. (NASDAQ:JASO) were the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 5,018,927 shares, an increase of 28.2% from the April 15th total of 3,914,410 shares, American Banking News reports. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,088,030 shares, the short-interest ratio is presently 1.6 days.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of JA Solar Holdings Co., Ltd. from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Separately, analysts at Needham & Company LLC raised their EPS on shares of JA Solar Holdings Co., Ltd. in a research note on Tuesday, April 15th. Finally, analysts at Northland Capital Partners initiated coverage on shares of JA Solar Holdings Co., Ltd. in a research note on Wednesday, April 2nd. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $12.39.
Shares of JA Solar Holdings Co., Ltd. (NASDAQ:JASO) opened at 9.36 on Tuesday. JA Solar Holdings Co., Ltd. has a one year low of $5.90 and a one year high of $13.14. The stock’s 50-day moving average is $10.08 and its 200-day moving average is $10.02. The company’s market cap is $428.2 million.
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) last announced its earnings results on Thursday, May 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.26. The company had revenue of $366.00 million for the quarter, compared to the consensus estimate of $330.54 million. During the same quarter in the previous year, the company posted ($0.85) earnings per share. The company’s revenue for the quarter was up 35.7% on a year-over-year basis. On average, analysts predict that JA Solar Holdings Co., Ltd. will post $1.25 earnings per share for the current fiscal year.
JA Solar Holdings Co, Ltd. (NASDAQ:JASO) is engaged in the business of designing, developing, manufacturing and selling solar cell and solar module products.
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