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.
Daiwa Securities downgraded its JinkoSolar Holding Co. Ltd ADR [JKS] rating to a Sell from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Neutral”. HSBC Securities also remained covering JKS and has decreased its forecast on February 05, 2024 with a “Hold” recommendation from previously “Buy” rating. Daiwa Securities revised its rating on February 05, 2024. It rated JKS as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of JKS
On Friday, JinkoSolar Holding Co. Ltd ADR [NYSE:JKS] saw its stock jump 4.87% to $17.66. Over the last five days, the stock has gained 9.01%. JinkoSolar Holding Co. Ltd ADR shares have fallen nearly -29.08% since the year began. Nevertheless, the stocks have fallen -22.81% over the past one year. While a 52-week high of $37.36 was reached on 01/07/25, a 52-week low of $13.42 was recorded on 04/11/25. SMA at 50 days reached $20.04, while 200 days put it at $21.76.
Levels Of Support And Resistance For JKS Stock
The 24-hour chart illustrates a support level at 16.83, which if violated will result in even more drops to 15.99. On the upside, there is a resistance level at 18.34. A further resistance level may holdings at 19.01. The Relative Strength Index (RSI) on the 14-day chart is 49.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.92%. Stochastics %K at 81.83% indicates the stock is a selling.
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 2025-04-15, growing by 1.16 million shares to a total of 5.6 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 4.44 million shares. There was a rise of 20.74%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 26, 2024 when Daiwa Securities began covering the stock and recommended ‘”an Outperform”‘ rating along with a $33.30 price target.
