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

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

Wall Street Analyst Weigh In

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

Jerash Holdings (US) Price Performance

Shares of JRSH stock traded up $0.45 on Tuesday, reaching $4.20. 2,765,058 shares of the company were exchanged, compared to its average volume of 1,931,992. The company has a market cap of $53.34 million, a price-to-earnings ratio of 15.00 and a beta of 1.11. The company has a 50-day moving average of $3.36 and a 200-day moving average of $3.18. Jerash Holdings has a one year low of $2.85 and a one year high of $5.47.

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

Jerash Holdings (US) Announces Dividend

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

Hedge Funds Weigh In On Jerash Holdings (US)

A number of large investors have recently modified their holdings of JRSH. Jane Street Group LLC bought a new position in shares of Jerash Holdings (US) in the 2nd quarter worth $50,000. Dimensional Fund Advisors LP lifted its holdings in shares of Jerash Holdings (US) by 3.6% in 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 lifted its holdings in shares of Jerash Holdings (US) by 35.7% in 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 lifted its holdings 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 worth $893,000 after purchasing an additional 111,359 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Jerash Holdings (US) by 7.7% in 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.

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.