In a filing, JinkoSolar Holding Co. Ltd ADR revealed its Director HY Vision Cloud Holdings Limit acquired Company’s shares for reported $0.52 million on Sep 30 ’24. In the deal valued at $25.93 per share,20,000 shares were bought.
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ROTH MKM downgraded its JinkoSolar Holding Co. Ltd ADR [JKS] rating to a Neutral from a a Buy in a research note published on March 21, 2024; the price target was decreased to $25 from $50. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. Daiwa Securities also remained covering JKS and has decreased its forecast on February 05, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Daiwa Securities started covering the stock on January 26, 2024. It rated JKS as “an Outperform”.
Price Performance Review of JKS
On Tuesday, JinkoSolar Holding Co. Ltd ADR [NYSE:JKS] saw its stock fall -7.53% to $21.38. Over the last five days, the stock has lost -17.74%. JinkoSolar Holding Co. Ltd ADR shares have fallen nearly -42.12% since the year began. Nevertheless, the stocks have fallen -29.79% over the past one year. While a 52-week high of $38.65 was reached on 10/07/24, a 52-week low of $16.70 was recorded on 08/30/24. SMA at 50 days reached $20.82, while 200 days put it at $24.18.
Levels Of Support And Resistance For JKS Stock
The 24-hour chart illustrates a support level at 20.96, which if violated will result in even more drops to 20.54. On the upside, there is a resistance level at 22.22. A further resistance level may holdings at 23.06. The Relative Strength Index (RSI) on the 14-day chart is 45.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.06%. Stochastics %K at 15.46% indicates the stock is a buying.
How much short interest is there in JinkoSolar Holding Co. Ltd ADR?
A steep rise in short interest was recorded in JinkoSolar Holding Co. Ltd ADR stocks on 2024-09-30, dropping by -0.33 million shares to a total of 4.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.13 million shares. There was a decline of -6.94%, which implies that there is a negative sentiment for the stock.
