Short Interest Reporting: What’s Next for Trina Solar Limited (NYSE:TSL) After Having More Shares Shorted?

November 18, 2016 - By Vivian Park   ·   0 Comments

Short Interest Reporting: What's Next for Trina Solar Limited (NYSE:TSL) After Having More Shares Shorted?

The stock of Trina Solar Limited (NYSE:TSL) registered an increase of 0.52% in short interest. TSL’s total short interest was 4.60 million shares in November as published by FINRA. Its up 0.52% from 4.57M shares, reported previously. With 1.36M shares average volume, it will take short sellers 3 days to cover their TSL’s short positions. The short interest to Trina Solar Limited’s float is 6.19%. The stock closed at $10.39 during the last session. It is down 6.24% since April 18, 2016 and is uptrending. It has outperformed by 1.81% the S&P500.

Trina Solar Limited is an integrated solar power products maker and solar system developer based in China with a global distribution network. The company has a market cap of $971.94 million. The Firm has integrated the manufacturing of ingots, wafers and solar cells for use in its photovoltaic module production. It has a 13.14 P/E ratio. The Company’s PV modules provide electric power for residential, commercial, industrial and other applications.

Trina Solar Limited (ADR) (NYSE:TSL) Ratings Coverage

Out of 10 analysts covering Trina Solar Limited (NYSE:TSL), 4 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 40% are positive. Trina Solar Limited has been the topic of 17 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, November 24. Deutsche Bank downgraded the stock to “Hold” rating in Friday, May 27 report. The rating was downgraded by Vetr to “Hold” on Friday, August 28. The stock of Trina Solar Limited (ADR) (NYSE:TSL) has “Sell” rating given on Wednesday, August 26 by Axiom Capital. The stock of Trina Solar Limited (ADR) (NYSE:TSL) has “Neutral” rating given on Friday, June 3 by Roth Capital. As per Wednesday, November 16, the company rating was downgraded by Axiom Capital. The stock of Trina Solar Limited (ADR) (NYSE:TSL) has “Neutral” rating given on Monday, January 18 by Goldman Sachs. Morgan Stanley upgraded the shares of TSL in a report on Wednesday, November 11 to “Overweight” rating. The stock of Trina Solar Limited (ADR) (NYSE:TSL) has “Neutral” rating given on Friday, May 27 by Credit Suisse. The rating was upgraded by Vetr on Wednesday, September 2 to “Hold”.

TSL Company Profile

Trina Solar Limited (Trina), incorporated on March 14, 2006, is an integrated solar power products maker and solar system developer based in China with a global distribution network covering Europe, Asia, North America, Australia and Africa. The Firm has integrated the manufacturing of ingots, wafers and solar cells for use in its photovoltaic (PV) module production. The Company’s PV modules provide electric power for residential, commercial, industrial and other applications. The Firm also develops, designs, constructs, operates and sells solar power projects that primarily use the solar modules the Company makes. The Firm operates through two divisions: manufacturing segment and the solar power projects segment. It build its PV modules to general specifications, as well as to its customers’ and end-users’ specifications. The Firm sells and markets its products across the world, including China and the United States. The Firm primarily sells its products to wholesalers, power plant developers and operators, and PV system integrators. The Firm conducts its activities through Changzhou Trina Solar Energy Co., Ltd. (Trina China) and other subsidiaries in the People’s Republic of China (PRC).

More notable recent Trina Solar Limited (ADR) (NYSE:TSL) news were published by: Finance.Yahoo.com which released: “Trina Solar Limited (TSL)” on April 17, 2014, also Marketwatch.com with their article: “Virtual Stock Exchange” published on December 19, 2009, Fool.com published: “Trina Solar Limited (ADR) Buyout: More Than Meets the Eye?” on December 14, 2015. More interesting news about Trina Solar Limited (ADR) (NYSE:TSL) were released by: Fool.com and their article: “Why Trina Solar Limited (ADR) Dropped 10% Today” published on July 07, 2015 as well as Fool.com‘s news article titled: “Trina Solar Limited (ADR) Earnings: Is Growth Back for Good?” with publication date: May 19, 2014.

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By Vivian Park


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