Jerash Holdings (US), Inc. (NASDAQ:JRSH) Sees Significant Drop in Short Interest

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 3,900 shares, a decrease of 32.8% from the February 29th total of 5,800 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,100 shares, the days-to-cover ratio is currently 0.3 days.

Jerash Holdings (US) Stock Performance

NASDAQ:JRSH remained flat at $3.06 on Friday. The company’s stock had a trading volume of 5,741 shares, compared to its average volume of 12,327. Jerash Holdings has a 1-year low of $2.77 and a 1-year high of $4.88. The company’s 50 day moving average price is $3.03 and its two-hundred day moving average price is $3.05.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its earnings results on Thursday, February 8th. The company reported $0.02 earnings per share for the quarter. Jerash Holdings (US) had a negative return on equity of 1.31% and a negative net margin of 0.75%. The company had revenue of $27.52 million during the quarter.

Jerash Holdings (US) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 16th were issued a $0.05 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.20 annualized dividend and a dividend yield of 6.54%. Jerash Holdings (US)’s dividend payout ratio (DPR) is -285.67%.

Institutional Investors Weigh In On Jerash Holdings (US)

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Jerash Holdings (US) by 42.4% in the first quarter. Vanguard Group Inc. now owns 66,626 shares of the company’s stock worth $428,000 after buying an additional 19,853 shares in the last quarter. Renaissance Technologies LLC increased its stake in Jerash Holdings (US) by 14.6% in the fourth quarter. Renaissance Technologies LLC now owns 99,440 shares of the company’s stock valued at $387,000 after purchasing an additional 12,700 shares during the period. Acadian Asset Management LLC boosted its holdings in Jerash Holdings (US) by 49.4% during the first quarter. Acadian Asset Management LLC now owns 46,299 shares of the company’s stock worth $295,000 after buying an additional 15,307 shares in the last quarter. Stifel Financial Corp acquired a new position in Jerash Holdings (US) during the first quarter worth approximately $260,000. Finally, Dimensional Fund Advisors LP increased its position in Jerash Holdings (US) by 23.1% during the third quarter. Dimensional Fund Advisors LP now owns 35,105 shares of the company’s stock worth $149,000 after purchasing an additional 6,582 shares during the last quarter. 3.39% of the stock is owned by institutional investors.

About Jerash Holdings (US)

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sport and outerwear. The company offers t-shirts; jackets and pullover; pants and shorts; crew neck, polo shirts, and tank tops made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Hong Kong, Jordan, and internationally.