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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 3,600 shares, a decline of 7.7% from the March 15th total of 3,900 shares. Based on an average trading volume of 12,300 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Jerash Holdings (US) Stock Performance

Shares of JRSH stock opened at $2.98 on Wednesday. The business has a 50 day moving average of $3.03 and a two-hundred day moving average of $3.03. Jerash Holdings has a 52 week low of $2.77 and a 52 week high of $4.80.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its earnings results on Thursday, February 8th. The company reported $0.02 EPS 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 16th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.20 annualized dividend and a dividend yield of 6.71%. Jerash Holdings (US)’s dividend payout ratio is presently -285.67%.

Hedge Funds Weigh In On Jerash Holdings (US)

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Jerash Holdings (US) by 24.0% during the third quarter. Vanguard Group Inc. now owns 116,167 shares of the company’s stock worth $353,000 after buying an additional 22,463 shares during the period. Renaissance Technologies LLC boosted its position in shares of Jerash Holdings (US) by 14.6% during the fourth quarter. Renaissance Technologies LLC now owns 99,440 shares of the company’s stock worth $387,000 after buying an additional 12,700 shares during the period. Access Investment Management LLC acquired a new position in shares of Jerash Holdings (US) during the fourth quarter worth approximately $174,000. Stifel Financial Corp acquired a new position in shares of Jerash Holdings (US) during the first quarter worth approximately $260,000. Finally, Acadian Asset Management LLC boosted its position in shares of 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 during the period. 3.39% of the stock is currently owned by institutional investors and hedge funds.

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.