Short interest data is out from the July 13 settlement date. There were a few big changes with some key solar stocks over the June 29 settlement date.
We have taken a look at most of the major solar PV makers, including First Solar Inc. (NASDAQ: FSLR), SunPower Corp. (NASDAQ: SPWR), JA Solar Holdings Co. Ltd. (NASDAQ: JASO), Canadian Solar Inc. (NASDAQ: CSIQ), Hanwha SolarOne Co. Ltd. (NASDAQ: HSOL), LDK Solar Co. Ltd. (NYSE: LDK), Trina Solar Limited (NYSE: TSL), Suntech Power Holdings Co. Ltd. (NYSE: STP), ReneSola Ltd. (NYSE: SOL), JinkoSolar Holding Co. Ltd. (NYSE: JKS) and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE).
First Solar Inc. (NASDAQ: FSLR) got an increase of 3.2% in short interest to 28.02 million shares, the highest number ever for the top U.S. solar maker. Last month’s total was 21.14 million shares short.
SunPower Corp. (NASDAQ: SPWR) saw short interest fall by 0.7% to 4.07 million shares from 4.1 million shares on June 29th. A year ago, short interest reached nearly 9.5 million shares, so this is a big improvement for SunPower.
JA Solar Holdings Co. Ltd. (NASDAQ: JASO) saw a decline of 7.6% in short interest, from 11.27 million shares to 10.41 million shares. Short interest has declined steadily from a recent peak of about 13.8 million shares on March 15.
Canadian Solar Inc. (NASDAQ: CSIQ) saw a decline of 4.1% in short interest, from 4.17 million shares to 4 million shares. In the past 12 months, short interest peaked at 6.27 million shares on September 15, 2011.
Hanwha SolarOne Co. Ltd. (NASDAQ: HSOL) also saw a drop of 5.3% in short interest, from 1.45 million shares to 1.38 million. Short interest peaked at 3.26 million shares last November.
LDK Solar Co. Ltd. (NYSE: LDK) saw short interest rise 1.5%, from 10.32 million shares to 10.47 million shares. Days to cover is 18.
Trina Solar Limited (NYSE: TSL) saw short interest rise 2.7%, from 12.77 million shares to 13.12 million shares. Days to cover is 10.
Suntech Power Holdings Co. Ltd. (NYSE: STP) saw short interest jump 7.9% from 17.5 million shares to 18.9 million shares. Days to cover is 18 and some 10.5% of the company’s float is now short.
ReneSola Ltd. (NYSE: SOL) got a 15.2% drop in short interest, from 6.8 million shares to 5.77 million shares. Days to cover fell to 11.
JinkoSolar Holding Co. Ltd. (NYSE: JKS) saw a drop of 1.4% in short interest, from 2.24 million shares to 2.21 million shares, but days to cover is still a very high 26.
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) saw a drop of 1.8% in short interest, from 6.45 million shares to 6.34 million shares. Days to cover is 5.
Paul Ausick
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
