Members Shorting Chinese Solar Stocks (CSIQ, SOLF, TSL, JASO, YGE, STP, SOL, JKS)

A look at the Chinese Solar Stocks Index shows that most of the sector is painted in red in Q2, with nearly all components shedding -10% or more over the last three months. Despite the declines, all ten components are among the top-100 Member Shorts besides 2010 IPO JinkoSolar (JKS), and some have earned even more bearish sentiment over the last week.

The Most Shorted metric is based on the change in short positions within tickerspy’s more than 60,000 member portfolios over the last seven days. A Most Shorted multiple of -1x or more is indicative of growing bearish sentiment in the investment community.

Over the last week, Canadian Solar (CSIQ), Solarfun Power Holdings (SOLF), and Trina Solar (TSL) have all racked up Most Shorted multiples of more than -2x and JA Solar Holdings’s (JASO) multiple has jumped to -1.4x. Interestingly, the stocks are mixed widely in performance over the last week, although the entire sector is in the red. Solarfun and Canadian Solar are both laggards, slipping by -10% or more, while JA Solar and Canadian Solar have lost less than -5% for the period.

Elsewhere in the sector, Yingli Green Energy Holdings (YGE), Suntech Power Holdings (STP), and ReneSola (SOL) are also among top one-week performers, losing less than -3%.

Investors can track the Chinese Solar Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Tags: CSIQ, JASO, JKS, SOL, SOLF, STP, TSL, YGE