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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 38,652 shares, a decrease of 38.9% from the July 30th total of 63,217 shares. Based on an average trading volume of 128,789 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Trading of Jerash Holdings (US)

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Jerash Holdings (US) by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 90,898 shares of the company’s stock valued at $302,000 after acquiring an additional 3,136 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 4,528 shares during the last quarter. State Street Corp lifted its stake in shares of Jerash Holdings (US) by 27.6% in the 4th quarter. State Street Corp now owns 21,705 shares of the company’s stock worth $66,000 after acquiring an additional 4,700 shares during the period. Virtu Financial LLC acquired a new stake in Jerash Holdings (US) in the fourth quarter valued at about $32,000. Finally, Citadel Advisors LLC boosted its stake 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 valued at $138,000 after buying an additional 10,912 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JRSH. Wall Street Zen upgraded Jerash Holdings (US) from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 28th. DA Davidson boosted their target price on Jerash Holdings (US) from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised shares of Jerash Holdings (US) from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $6.00.

Jerash Holdings (US) Stock Down 2.0%

Shares of JRSH stock traded down $0.11 during trading on Tuesday, reaching $5.52. The company’s stock had a trading volume of 112,002 shares, compared to its average volume of 347,723. Jerash Holdings has a 1-year low of $2.85 and a 1-year high of $5.81. The stock’s 50-day moving average price is $4.90 and its 200 day moving average price is $3.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.11 and a quick ratio of 1.64. The company has a market capitalization of $70.10 million, a price-to-earnings ratio of 14.53 and a beta of 1.03.

Jerash Holdings (US) (NASDAQ:JRSH) last released its earnings results on Monday, August 10th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Jerash Holdings (US) had a return on equity of 7.61% and a net margin of 2.77%.The firm had revenue of $50.23 million during the quarter, compared to analyst estimates of $47.90 million.

Jerash Holdings (US) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, August 17th. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently 52.63%.

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.