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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 17,309 shares, a growth of 28.3% from the December 15th total of 13,493 shares. Based on an average daily trading volume, of 80,251 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 80,251 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Jerash Holdings (US) in the second quarter worth about $50,000. Citadel Advisors LLC increased its holdings in Jerash Holdings (US) by 35.7% during the 3rd quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after acquiring an additional 10,912 shares during the period. Access Investment Management LLC bought a new stake in Jerash Holdings (US) during the 2nd quarter worth approximately $155,000. Dimensional Fund Advisors LP lifted its stake in 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. Finally, Susquehanna International Group LLP boosted its holdings in 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. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Jerash Holdings (US) Trading Down 0.3%

NASDAQ JRSH traded down $0.01 during trading hours on Friday, hitting $3.08. The company’s stock had a trading volume of 267,760 shares, compared to its average volume of 66,607. The company’s 50-day simple moving average is $3.08 and its two-hundred day simple moving average is $3.25. Jerash Holdings has a 52 week low of $2.81 and a 52 week high of $4.17. The company has a market capitalization of $39.12 million, a PE ratio of 51.33 and a beta of 1.05.

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

Jerash Holdings (US) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 19th were given a $0.05 dividend. 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 payout ratio is currently 333.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Jerash Holdings (US) in a research note on Wednesday, October 8th. Wall Street Zen raised Jerash Holdings (US) to a “hold” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.