JinkoSolar Holding Co., Ltd. (NYSE:JKS) Short Interest Down 14.1% in January

JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 4,830,000 shares, a drop of 14.1% from the December 31st total of 5,620,000 shares. Based on an average daily volume of 1,560,000 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in JinkoSolar by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 981,492 shares of the semiconductor company's stock worth $20,357,000 after purchasing an additional 74,219 shares in the last quarter. Millennium Management LLC grew its stake in shares of JinkoSolar by 2,305.1% during the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company's stock worth $3,500,000 after buying an additional 161,888 shares during the last quarter. Green Alpha Advisors LLC increased its holdings in shares of JinkoSolar by 2.1% during the third quarter. Green Alpha Advisors LLC now owns 71,548 shares of the semiconductor company's stock worth $1,919,000 after buying an additional 1,497 shares in the last quarter. Signaturefd LLC lifted its stake in shares of JinkoSolar by 108.0% in the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 647 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of JinkoSolar by 198.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company's stock valued at $212,000 after acquiring an additional 5,265 shares in the last quarter. Institutional investors own 35.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JKS. Jefferies Financial Group increased their price target on JinkoSolar from $36.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Glj Research reduced their target price on JinkoSolar from $13.08 to $10.95 and set a "sell" rating on the stock in a report on Thursday, January 23rd. Finally, Daiwa Capital Markets downgraded JinkoSolar from an "underperform" rating to a "sell" rating in a research note on Friday, January 10th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $28.42.

JinkoSolar Price Performance

Shares of JKS stock traded up $1.17 on Tuesday, hitting $20.87. 549,865 shares of the company's stock were exchanged, compared to its average volume of 816,363. The company has a 50 day moving average of $24.30 and a 200 day moving average of $22.44. The stock has a market cap of $1.11 billion, a P/E ratio of 35.37 and a beta of 0.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. JinkoSolar has a 12 month low of $16.70 and a 12 month high of $37.36.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.