JA Solar Holdings Co., Ltd. Short Interest Down 21.8% in June (JASO)
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 3,452,232 shares, a decline of 21.8% from the June 13th total of 4,416,754 shares, Stock Ratings Network.com reports. Based on an average daily volume of 3,264,658 shares, the days-to-cover ratio is presently 1.1 days. Approximately 7.2% of the shares of the stock are short sold.
A number of research firms have recently commented on JASO. Analysts at Zacks upgraded shares of JA Solar Holdings Co., Ltd. from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 26th. They now have a $13.00 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of JA Solar Holdings Co., Ltd. in a research note on Monday, June 23rd. They set a “neutral” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $15.00.
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) opened at 9.526 on Tuesday. JA Solar Holdings Co., Ltd. has a 1-year low of $7.00 and a 1-year high of $13.14. The stock’s 50-day moving average is $10.14 and its 200-day moving average is $10.07. The company’s market cap is $435.8 million.
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.85) earnings per share. The company’s quarterly revenue 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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