Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Down 49.8% in December

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 13,493 shares, a decrease of 49.8% from the November 30th total of 26,859 shares. Based on an average trading volume of 96,111 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 96,111 shares, the days-to-cover ratio is currently 0.1 days.

Jerash Holdings (US) Price Performance

Shares of Jerash Holdings (US) stock traded up $0.03 on Monday, hitting $3.06. 18,565 shares of the company’s stock traded hands, compared to its average volume of 77,376. The firm’s 50-day moving average price is $3.16 and its two-hundred day moving average price is $3.28. The stock has a market capitalization of $38.80 million, a PE ratio of 51.17 and a beta of 1.07. Jerash Holdings has a one year low of $2.81 and a one year high of $4.17.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). Jerash Holdings (US) had a return on equity of 1.03% and a net margin of 0.45%.The company had revenue of $41.97 million for the quarter, compared to analyst estimates of $41.00 million.

Jerash Holdings (US) Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 19th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $0.20 annualized dividend and a yield of 6.5%. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently 333.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Jerash Holdings (US) to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “hold (c)” rating on shares of Jerash Holdings (US) in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

Hedge Funds Weigh In On Jerash Holdings (US)

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Jerash Holdings (US) in the 2nd quarter valued at $50,000. Citadel Advisors LLC grew its stake in 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 acquiring an additional 10,912 shares during the period. Access Investment Management LLC bought a new stake in shares of Jerash Holdings (US) in the second quarter worth about $155,000. 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 acquiring an additional 3,136 shares in the last quarter. Finally, Susquehanna International Group LLP grew its position 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 purchasing an additional 111,359 shares during the period. 3.39% of the stock is owned by institutional investors.

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.