Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Down 41.2% in May

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 47,071 shares, a drop of 41.2% from the May 14th total of 80,095 shares. Based on an average daily volume of 185,306 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. DA Davidson set a $5.00 price target on Jerash Holdings (US) in a research report on Tuesday. Wall Street Zen upgraded Jerash Holdings (US) to a “hold” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Jerash Holdings (US) in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Jerash Holdings (US) Trading Up 12.0%

Shares of NASDAQ JRSH opened at $4.20 on Wednesday. Jerash Holdings has a one year low of $2.85 and a one year high of $5.47. The firm has a market capitalization of $53.34 million, a PE ratio of 15.00 and a beta of 1.11. The business has a 50-day moving average price of $3.36 and a two-hundred day moving average price of $3.18.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings data on Monday, June 15th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.13. Jerash Holdings (US) had a return on equity of 5.61% and a net margin of 2.13%.The firm had revenue of $42.90 million during the quarter, compared to analyst estimates of $36.20 million.

Jerash Holdings (US) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.20 dividend on an annualized basis and a yield of 4.8%. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Investors Weigh In On Jerash Holdings (US)

A number of institutional investors have recently bought and sold shares of JRSH. Jane Street Group LLC acquired a new stake in Jerash Holdings (US) during the 2nd quarter worth about $50,000. Dimensional Fund Advisors LP raised its stake in shares of Jerash Holdings (US) by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 90,898 shares of the company’s stock worth $302,000 after purchasing an additional 3,136 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of Jerash Holdings (US) by 35.7% during the 3rd quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after purchasing an additional 10,912 shares in the last quarter. Susquehanna International Group LLP raised its stake in shares of Jerash Holdings (US) by 70.6% during the 3rd quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock worth $893,000 after purchasing an additional 111,359 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Jerash Holdings (US) by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 63,541 shares of the company’s stock worth $194,000 after purchasing an additional 4,528 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

About Jerash Holdings (US)

Jerash Holdings (NASDAQ:JRSH) is a global designer, manufacturer and marketer of intimate apparel, sportswear and swimwear. Founded in 1994 in the Jerash special economic zone of Jordan, the company has built a vertically integrated production model that spans product design, raw material sourcing, fabric printing, sewing and finishing. By controlling each stage of the manufacturing process, Jerash maintains strict quality standards and achieves competitive lead times for its apparel collections.

Operating state-of-the-art facilities in Jordan with a workforce of more than 10,000 employees, Jerash produces both proprietary brands and private-label merchandise for major retailers.