JinkoSolar Holding Company Limi (NYSE:JKS) Sees Price Swing – Down $1.30

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JinkoSolar Holding Company Limi (NYSE:JKS) last traded at $26.42 seeing a daily low of $26.22 and high of $28.06. This difference between the high and low distinguishes the stock as one of the day’s most volatile.

Company shares last traded at $26.42 a tad under $27.15, the stock’s 50 day moving average and a great deal higher than the 200 day moving average of $20.96. The 50 day moving average moved down $-0.73 whereas the 200 day moving average was up $5.45 or +26.011%.

Recent news headlines for JinkoSolar Holding Company Limi.

JinkoSolar Announces Second Quarter 2017 Financial Results
JinkoSolar Supplies 17 MWdc of Solar PV Modules to Brooks Solar Project in Canada
JinkoSolar Ranked as Top Solar Brand Used in Debt-Financed Projects and Most “Bankable” PV Manufacturer by Bloomberg New Energy Finance.

Short Interest

Traders are more bearish on shares of the company of late if you take into consideration the change in short interest. The stock realized a rise in short interest from August 15, 2017 to August 31, 2017 of 13.65%. Short interest increased from 6,714,138 to 7,630,568 over that period. The days to cover decreased to 6.0 and the percentage of shorted shares was 0.24% on August 31.

Recent Analyst Ratings

On August 22, 2017 the stock rating was rated “Neutral” by Credit Suisse a cut from the previous “Outperform” rating.

Earnings Per Share

The company currently has a P/E ratio of 25.973 and the market value is 848.32M. As of the last earnings report the EPS was $1.02 and is expected to be $1.54 for the current year with 32,115,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.10 with next year’s EPS projected to be $-0.12.

Company Information

JinkoSolar Holding Co., Ltd., launched on August 3, 2007, operates in the photovoltaic (PV) industry. The Company has a vertically integrated solar power product value chain, ranging from recovering silicon materials to manufacturing solar modules and solar power generation. The Business’s segments are the manufacturing segment and the solar power projects segment. The manufacturing segment comprises its vertically integrated solar power product manufacturing business, under which the Company manufactures silicon ingots, wafers, cells and solar modules. The solar power projects segment comprises the downstream solar power generation, construction and operation business, including power generation; engineering, procurement and construction (EPC), and connecting solar power projects to the grid, and operation and maintenance (O&M) of the solar power projects. The Company sells its solar modules under the JinkoSolar brand..