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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 51,225 shares, an increase of 201.3% from the April 15th total of 16,999 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 142,282 shares, the short-interest ratio is currently 0.4 days.

Jerash Holdings (US) Price Performance

NASDAQ JRSH traded up $0.01 during mid-day trading on Thursday, hitting $3.31. The stock had a trading volume of 790,118 shares, compared to its average volume of 139,042. The firm’s 50 day moving average is $3.15 and its 200 day moving average is $3.15. The stock has a market capitalization of $42.04 million, a price-to-earnings ratio of 22.07 and a beta of 1.13. Jerash Holdings has a twelve month low of $2.85 and a twelve month high of $3.60.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its earnings results on Monday, February 9th. The company reported $0.09 earnings per share (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 business had revenue of $41.77 million during the quarter, compared to the consensus estimate of $42.30 million.

Jerash Holdings (US) Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.0%. Jerash Holdings (US)’s payout ratio is presently 133.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP boosted its stake in shares of Jerash Holdings (US) by 70.6% in the 3rd 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 period. Renaissance Technologies LLC boosted its holdings in shares of Jerash Holdings (US) by 18.3% in the 4th quarter. Renaissance Technologies LLC now owns 180,424 shares of the company’s stock valued at $550,000 after buying an additional 27,954 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Jerash Holdings (US) by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 97,495 shares of the company’s stock worth $297,000 after purchasing an additional 6,597 shares during the last quarter. Geode Capital Management LLC increased its position in Jerash Holdings (US) by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 63,541 shares of the company’s stock worth $194,000 after buying an additional 4,528 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Jerash Holdings (US) by 166.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 48,083 shares of the company’s stock valued at $147,000 after acquiring an additional 30,055 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Ratings Changes

JRSH has been the subject of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $4.00 price target on shares of Jerash Holdings (US) in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.00.

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.