JA Solar Holdings Co. (NASDAQ:JASO) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 891,082 shares, a growth of 42.1% from the October 31st total of 626,912 shares. Based on an average daily trading volume, of 388,073 shares, the days-to-cover ratio is currently 2.3 days.
Institutional investors have recently added to or reduced their stakes in the stock. Numeric Investors LLC boosted its position in JA Solar Holdings by 155.8% in the second quarter. Numeric Investors LLC now owns 2,156,163 shares of the company’s stock valued at $14,770,000 after buying an additional 1,313,102 shares during the period. Top Ace Asset Management Ltd acquired a new position in JA Solar Holdings during the third quarter valued at about $3,987,000. Emerald Acquisition Ltd. acquired a new position in JA Solar Holdings during the second quarter valued at about $4,383,000. Shah Capital Management acquired a new position in JA Solar Holdings during the second quarter valued at about $3,014,000. Finally, Societe Generale acquired a new position in JA Solar Holdings during the second quarter valued at about $2,423,000. 25.63% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the company. Axiom Securities lowered JA Solar Holdings from a “buy” rating to a “sell” rating in a report on Friday, November 18th. Credit Suisse Group AG assumed coverage on JA Solar Holdings in a report on Monday, November 14th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.62.
Shares of JA Solar Holdings (NASDAQ:JASO) opened at 5.48 on Tuesday. JA Solar Holdings has a 1-year low of $5.19 and a 1-year high of $10.09. The company’s 50-day moving average price is $5.91 and its 200 day moving average price is $6.80.
JA Solar Holdings (NASDAQ:JASO) last released its quarterly earnings data on Thursday, November 17th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. The business had revenue of $624.30 million for the quarter, compared to analysts’ expectations of $591.02 million. JA Solar Holdings had a return on equity of 7.74% and a net margin of 3.43%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. On average, analysts anticipate that JA Solar Holdings will post $0.82 earnings per share for the current fiscal year.
About JA Solar Holdings