Business

Unusual put option trade in JinkoSolar Holdings Co. (JKS) worth $44.01K

ProDentim

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On April 28, 2023 at 09:43:01 ET, an unusually large $44,01,000 block of JinkoSolar Holdings Co. (JKS) sales contracts was purchased, with a strike price of $42.00/ stock, expiring in 0 day(s) (April 28, 2023). Fintel tracks all large option trades, and the premium spent on this trade was 1.24 sigma above the average, placing it in the 99.93rd percentile of all recent large trades in JKS options. .

This trade was first detected on Fintel’s real-time options feed tool, where unusual options trades are highlighted.

What is fund sentiment?

There are 229 funds or institutions reporting positions in JinkoSolar Holdings Co.. This is a decrease of 3 owners or 1.29% over the last quarter. Average portfolio weight of all funds dedicated to JKS is 0.51%, a decrease of 0.06%. The total number of shares held by institutions has decreased by 8.70% over the past three months to 20,026,000 shares. JKS put/call ratio is 3.17, indicating a bearish outlook.

Analyst price forecast suggests 32.85% upside

As of April 24, 2023, the one-year average price target for JinkoSolar Holdings Co. was $63.41. The forecast ranges from a low of $15.03 to a high of $91.23. The average price target represents a 32.85% increase from its last reported closing price of $47.73.

Check out our ranking of companies with the biggest upward price target.

The expected annual revenue for JinkoSolar Holdings Co. is $15,301 million, down 81.68%. Expected non-GAAP annual EPS is $5.89.

What are the other shareholders doing?

JKS / JinkoSolar Holdings Co., Ltd.  Shares held by institutions

Legal & General Group holds 14,000 shares representing 0.03% ownership of the company. In its previous filing, the company said it held 18,000 shares, representing a decrease of 23.73%. The company decreases its portfolio allocation to JKS by 41.83% in the last quarter.

Cubist Systematic Strategies owns 24,000 shares representing 0.05% ownership of the company. In its previous filing, the company said it held 15,000 shares, representing a raise of 37.92%. The company increase its portfolio allocation to JKS by 23.38% in the last quarter.

EEMS – iShares MSCI Emerging Markets Small-Cap ETF holds 17,000 shares representing 0.03% ownership of the company. No change in the last quarter.

ECNS – iShares MSCI China Small-Cap ETF holds 32,000 shares representing 0.06% ownership of the company. In its previous filing, the company said it held 32,000 shares, representing a raise of 1.98%. The company decreases its portfolio allocation to JKS by 7.82% in the last quarter.

Citadel Advisors owns 5,000 shares representing 0.01% ownership of the company. In its previous filing, the company said it held 215,000 shares, representing a decrease of 4,170.30%. The company decreases its portfolio allocation in JKS of 98.23% in the last quarter.

JinkoSolar holds general information
(This description is provided by the company.)

JinkoSolar is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diverse international utility, commercial and residential customer base in China, USA, Japan, Germany, UK, Chile, South Africa, in India, Mexico, Brazil, United Arab Emirates, Italy, Spain, France, Belgium and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for monowafers, 11 GW for solar cells and 25 GW for solar modules, as of September 30, 2020.

See all JinkoSolar Holdings Co. regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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