Short Interest in JA Solar Holdings Co., Ltd. (JASO) Declines By 15.9%

JA Solar Holdings Co., Ltd. (NASDAQ:JASO) was the target of a large drop in short interest in April. As of April 13th, there was short interest totalling 428,965 shares, a drop of 15.9% from the March 31st total of 510,206 shares. Based on an average trading volume of 485,268 shares, the short-interest ratio is currently 0.9 days.

Shares of JA Solar Holdings Co. (NASDAQ:JASO) opened at 7.20 on Friday. The stock’s 50 day moving average price is $6.91 and its 200 day moving average price is $5.60. The stock has a market capitalization of $342.50 million, a price-to-earnings ratio of 3.40 and a beta of 1.67. JA Solar Holdings Co. has a 12 month low of $4.42 and a 12 month high of $8.24.

JA Solar Holdings Co. (NASDAQ:JASO) last released its earnings results on Thursday, March 16th. The solar energy provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $1.06. JA Solar Holdings Co. had a return on equity of 7.74% and a net margin of 3.43%. The firm had revenue of $575 million during the quarter, compared to analysts’ expectations of $558.26 million. During the same quarter last year, the business posted $0.49 earnings per share. Analysts expect that JA Solar Holdings Co. will post $0.50 EPS for the current year.

Several brokerages have recently issued reports on JASO. Roth Capital set a $6.00 target price on JA Solar Holdings Co. and gave the company a “hold” rating in a research report on Saturday, March 18th. Credit Suisse Group AG set a $6.00 target price on JA Solar Holdings Co. and gave the company a “hold” rating in a research report on Saturday, March 18th. Finally, Axiom Securities reaffirmed a “sell” rating on shares of JA Solar Holdings Co. in a research report on Thursday, February 2nd.

Hedge funds have recently added to or reduced their stakes in the company. ClariVest Asset Management LLC boosted its stake in JA Solar Holdings Co. by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 35,812 shares of the solar energy provider’s stock valued at $234,000 after buying an additional 1,838 shares in the last quarter. Van ECK Associates Corp boosted its stake in JA Solar Holdings Co. by 6.3% in the first quarter. Van ECK Associates Corp now owns 38,041 shares of the solar energy provider’s stock valued at $249,000 after buying an additional 2,248 shares in the last quarter. Bank of America Corp DE boosted its stake in JA Solar Holdings Co. by 10.5% in the first quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock valued at $239,000 after buying an additional 3,465 shares in the last quarter. Guinness Asset Management Ltd boosted its stake in JA Solar Holdings Co. by 1.9% in the first quarter. Guinness Asset Management Ltd now owns 413,948 shares of the solar energy provider’s stock valued at $2,707,000 after buying an additional 7,600 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in JA Solar Holdings Co. by 73.1% in the first quarter. Geode Capital Management LLC now owns 28,378 shares of the solar energy provider’s stock valued at $185,000 after buying an additional 11,983 shares in the last quarter. Hedge funds and other institutional investors own 26.47% of the company’s stock.

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JA Solar Holdings Co. Company Profile

JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.

12 Month Chart for NASDAQ:JASO

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