Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Update

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 9,051 shares, a decrease of 41.7% from the January 29th total of 15,524 shares. Based on an average daily volume of 105,574 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 105,574 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

A number of brokerages have commented on JRSH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jerash Holdings (US) in a report on Thursday, January 22nd. DA Davidson reissued a “buy” rating and set a $4.00 price objective on shares of Jerash Holdings (US) in a research report on Tuesday, February 10th. Finally, Wall Street Zen raised Jerash Holdings (US) to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.00.

Hedge Funds Weigh In On Jerash Holdings (US)

Several institutional investors have recently bought and sold shares of the stock. Access Investment Management LLC purchased a new stake in Jerash Holdings (US) in the 2nd quarter worth $155,000. Jane Street Group LLC bought a new stake in shares of Jerash Holdings (US) in the second quarter worth about $50,000. Dimensional Fund Advisors LP increased its holdings in shares of Jerash Holdings (US) by 3.6% in the third 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 during the last quarter. Citadel Advisors LLC lifted its position in shares of Jerash Holdings (US) by 35.7% in the third quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after buying an additional 10,912 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its stake in Jerash Holdings (US) by 70.6% during the third quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock valued at $893,000 after buying an additional 111,359 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Jerash Holdings (US) Price Performance

Shares of NASDAQ JRSH traded down $0.02 during mid-day trading on Friday, reaching $3.24. The company’s stock had a trading volume of 12,711 shares, compared to its average volume of 76,297. Jerash Holdings has a 52 week low of $2.81 and a 52 week high of $3.70. The stock has a fifty day moving average of $3.14 and a two-hundred day moving average of $3.22. The firm has a market capitalization of $41.15 million, a PE ratio of 21.60 and a beta of 1.06.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. Jerash Holdings (US) had a return on equity of 2.86% and a net margin of 1.18%.The company had revenue of $41.77 million for the quarter, compared to analysts’ expectations of $42.30 million.

Jerash Holdings (US) Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Friday, February 13th. Jerash Holdings (US)’s payout ratio is 133.33%.

Jerash Holdings (US) Company Profile

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.