Yingli Green Energy Hold. Co. Short Interest Down 22.7% in April (YGE)
Yingli Green Energy Hold. Co. (NYSE:YGE) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 17,093,495 shares, a decline of 22.7% from the April 15th total of 22,107,319 shares, Analyst Ratings News reports. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,660,752 shares, the days-to-cover ratio is presently 3.0 days.
A number of analysts have recently weighed in on YGE shares. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Yingli Green Energy Hold. Co. in a research note on Monday, April 28th. They now have a $4.00 price target on the stock, down previously from $5.00. Separately, analysts at Deutsche Bank cut their price target on shares of Yingli Green Energy Hold. Co. from $10.00 to $8.00 in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Yingli Green Energy Hold. Co. presently has a consensus rating of “Hold” and an average price target of $6.75.
Shares of Yingli Green Energy Hold. Co. (NYSE:YGE) opened at 3.35 on Friday. Yingli Green Energy Hold. Co. has a 52 week low of $2.65 and a 52 week high of $8.77. The stock’s 50-day moving average is $3.60 and its 200-day moving average is $5.1. The company’s market cap is $525.2 million.
Yingli Green Energy Hold. Co. (NYSE:YGE) last announced its earnings results on Tuesday, March 18th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.17) by $0.14. The company had revenue of $613.00 million for the quarter, compared to the consensus estimate of $651.55 million. During the same quarter in the prior year, the company posted ($0.93) earnings per share. The company’s quarterly revenue was up 31.5% on a year-over-year basis. On average, analysts predict that Yingli Green Energy Hold. Co. will post $-0.45 earnings per share for the current fiscal year.
Yingli Green Energy Holding Company Limited is a vertically integrated photovoltaic (NYSE:YGE), product manufacturer worldwide.
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