Short Interest in JA Solar Holdings Co., Ltd. Drops By 28.7% (JASO)
Shares of JA Solar Holdings Co., Ltd. (NASDAQ:JASO) were the target of a significant decline in short interest in May. As of May 30th, there was short interest totalling 4,548,798 shares, a decline of 28.7% from the May 15th total of 6,380,343 shares, Analyst Ratings Network reports. Currently, 9.5% of the company’s stock are short sold. Based on an average trading volume of 2,945,376 shares, the days-to-cover ratio is presently 1.5 days.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of JA Solar Holdings Co., Ltd. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 11th. Finally, analysts at Needham & Company LLC raised their EPS on shares of JA Solar Holdings Co., Ltd. in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $13.75.
Shares of JA Solar Holdings Co., Ltd. (NASDAQ:JASO) opened at 10.27 on Tuesday. JA Solar Holdings Co., Ltd. has a 1-year low of $5.90 and a 1-year high of $13.14. The stock’s 50-day moving average is $9.78 and its 200-day moving average is $9.8. The company’s market cap is $469.8 million.
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) last issued its quarterly earnings data 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 $1.35 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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