December 1, 2016 - By Richard Conner · 0 Comments
The stock of Daqo New Energy Corporation (NYSE:DQ) registered a decrease of 0.22% in short interest. DQ’s total short interest was 364,400 shares in December as published by FINRA. Its down 0.22% from 365,200 shares, reported previously. With 56,600 shares average volume, it will take short sellers 6 days to cover their DQ’s short positions. The short interest to Daqo New Energy Corporation’s float is 6.38%. About 22,992 shares traded hands. Daqo New Energy Corp (NYSE:DQ) has declined 25.05% since April 28, 2016 and is downtrending. It has underperformed by 30.97% the S&P500.
Daqo New Energy Corp. is a polysilicon manufacturer. The company has a market cap of $209.60 million. The Firm utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. It has a 5.48 P/E ratio. The Company’s divisions include Polysilicon and Wafer.
Out of 3 analysts covering Daqo New Energy (NYSE:DQ), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Daqo New Energy has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Tuesday, November 10 by Morgan Stanley. The company was initiated on Friday, December 18 by Northland Capital.
Daqo New Energy Corp., incorporated on November 22, 2007, is a polysilicon manufacturer. The Firm utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s divisions include Polysilicon and Wafer. The Firm makes and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The Firm offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The Firm offers wafers through its downstream photovoltaic product manufacturing business. The Firm also provides wafer original equipment maker (OEM) service to external clients through tolling agreements by processing polysilicon to produce ingot and wafer.
More important recent Daqo New Energy Corp (NYSE:DQ) news were published by: Marketwatch.com which released: “Daqo New Energy Corp. ADR” on November 14, 2010, also Prnewswire.com published article titled: “Daqo New Energy Corp. Successfully Lists its Subsidiary Xinjiang Daqo on China …”, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. More interesting news about Daqo New Energy Corp (NYSE:DQ) was released by: Rttnews.com and their article: “Daqo New Energy Corp. Q3 Income Advances 110%” with publication date: November 15, 2016.
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By Richard Conner