Canadian Solar Inc. (NASDAQ:CSIQ) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 3,499,500 shares, an increase of 34.8% from the June 15th total of 2,596,300 shares. Based on an average daily volume of 714,200 shares, the short-interest ratio is currently 4.9 days. Currently, 7.8% of the company’s stock are short sold.

NASDAQ:CSIQ traded up $0.22 on Friday, reaching $20.41. The stock had a trading volume of 374,081 shares, compared to its average volume of 498,087. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $21.45. The company has a market cap of $1.21 billion, a PE ratio of 6.22, a P/E/G ratio of 0.26 and a beta of 2.28. Canadian Solar has a 12-month low of $12.30 and a 12-month high of $25.89.

Canadian Solar (NASDAQ:CSIQ) last posted its quarterly earnings data on Thursday, May 30th. The solar energy provider reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.15. The company had revenue of $484.70 million during the quarter, compared to analysts’ expectations of $468.25 million. Canadian Solar had a net margin of 6.29% and a return on equity of 12.92%. The firm’s revenue for the quarter was down 46.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. As a group, equities analysts predict that Canadian Solar will post 2.45 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Guinness Asset Management Ltd lifted its position in shares of Canadian Solar by 18.4% in the 2nd quarter. Guinness Asset Management Ltd now owns 22,500 shares of the solar energy provider’s stock valued at $491,000 after acquiring an additional 3,500 shares in the last quarter. Guinness Atkinson Asset Management Inc lifted its position in shares of Canadian Solar by 17.4% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 14,200 shares of the solar energy provider’s stock valued at $310,000 after acquiring an additional 2,100 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Canadian Solar in the 2nd quarter valued at approximately $3,270,000. First Trust Advisors LP lifted its position in shares of Canadian Solar by 3.9% in the 1st quarter. First Trust Advisors LP now owns 57,098 shares of the solar energy provider’s stock valued at $1,064,000 after acquiring an additional 2,148 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its position in shares of Canadian Solar by 125.2% in the 1st quarter. ClariVest Asset Management LLC now owns 281,210 shares of the solar energy provider’s stock valued at $5,239,000 after acquiring an additional 156,328 shares in the last quarter. 40.94% of the stock is owned by institutional investors.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. ValuEngine cut shares of Willdan Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. set a $44.00 price objective on shares of Charles Schwab and gave the company a “buy” rating in a research report on Friday, June 21st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.50.

Canadian Solar Company Profile

Canadian Solar Inc, together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems.

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