JinkoSolar Holding Co. Ltd ADR’s recently made public that 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 jump 7.13% to $26.46. Over the last five days, the stock has gained 17.55%. JinkoSolar Holding Co. Ltd ADR shares have fallen nearly -28.37% since the year began. Nevertheless, the stocks have fallen -20.49% over the past one year. While a 52-week high of $38.37 was reached on 10/07/24, a 52-week low of $16.70 was recorded on 08/30/24. SMA at 50 days reached $23.55, while 200 days put it at $23.19.
Levels Of Support And Resistance For JKS Stock
The 24-hour chart illustrates a support level at 25.36, which if violated will result in even more drops to 24.27. On the upside, there is a resistance level at 27.42. A further resistance level may holdings at 28.39. The Relative Strength Index (RSI) on the 14-day chart is 62.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.22%. Stochastics %K at 78.44% indicates the stock is a holding.
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 2024-11-15, growing by 0.58 million shares to a total of 5.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.53 million shares. There was a rise of 11.35%, which implies that there is a positive sentiment for the stock.
