Short Interest Coverage: Time to Reconsider Yingli Green Energy Holding Company L (NYSE:YGE) After More Short Sellers?

November 22, 2016 - By Richard Conner   ·   0 Comments

Short Interest Coverage: Time to Reconsider Yingli Green Energy Holding Company L (NYSE:YGE) After More Short Sellers?

The stock of Yingli Green Energy Holding Company L (NYSE:YGE) registered an increase of 13.89% in short interest. YGE’s total short interest was 548,400 shares in November as published by FINRA. Its up 13.89% from 481,500 shares, reported previously. With 107,100 shares average volume, it will take short sellers 5 days to cover their YGE’s short positions. The short interest to Yingli Green Energy Holding Company L’s float is 3.11%. The stock increased 0.30% or $0.01 on November 21, hitting $3.34. Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) has declined 35.77% since April 20, 2016 and is downtrending. It has underperformed by 40.32% the S&P500.

Yingli Green Energy Holding Company Limited is a solar panel manufacturer. The company has a market cap of $56.69 million. The Company’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. It currently has negative earnings. The Company’s end products include photovoltaic modules and PV systems of different sizes and power outputs.

Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) Ratings Coverage

Out of 5 analysts covering Yingli Green Energy (NYSE:YGE), 0 rate it a “Buy”, 4 “Sell”, while 1 “Hold”. This means 0 are positive. Yingli Green Energy has been the topic of 7 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Wednesday, September 9 by RBC Capital Markets. The rating was downgraded by TH Capital on Wednesday, September 9 to “Sell”. As per Friday, August 21, the company rating was initiated by Axiom Capital. As per Thursday, October 6, the company rating was upgraded by Axiom Capital. The firm has “Sell” rating by Roth Capital given on Wednesday, September 9. Axiom Capital downgraded the stock to “Sell” rating in Wednesday, November 16 report.

YGE Company Profile

Yingli Green Energy Holding Company Limited, incorporated on August 7, 2006, is a solar panel manufacturer. The Company’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. The Company’s end products include photovoltaic (PV) modules and PV systems of different sizes and power outputs. The Firm sells PV modules under its own brand names, Yingli and Yingli Solar, to PV system integrators and distributors located in various markets around the world, including China, Japan, the United States, the United Kingdom, Chile, Algeria, Germany, France, South Africa, Turkey and Honduras. The Company’s services and products include the manufacture of polysilicon ingots and wafers, PV cells, PV modules and integrated PV systems, and the development and operation of solar projects.

More recent Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) news were published by: Marketwatch.com which released: “Yingli Green Energy Holding Co. Ltd. ADR” on May 21, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Fool.com‘s news article titled: “Is Yingli Green Energy Holding Co. Ltd. (ADR) Destined for Greatness?” with publication date: June 25, 2014 was also an interesting one.

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By Richard Conner


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