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

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JRSH. Wall Street Zen upgraded Jerash Holdings (US) to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Jerash Holdings (US) in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $4.00.

Institutional Investors Weigh In On Jerash Holdings (US)

A number of hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Jerash Holdings (US) during the second quarter valued at approximately $50,000. Citadel Advisors LLC raised its holdings in shares of 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 in the last quarter. Access Investment Management LLC bought a new position in shares of Jerash Holdings (US) during the 2nd quarter valued at approximately $155,000. Dimensional Fund Advisors LP grew 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 valued at $302,000 after purchasing an additional 3,136 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in Jerash Holdings (US) by 70.6% in the third 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 during the last quarter. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Jerash Holdings (US) Stock Down 1.0%

JRSH stock traded down $0.03 during midday trading on Friday, hitting $3.03. The company’s stock had a trading volume of 11,927 shares, compared to its average volume of 103,015. Jerash Holdings has a 12 month low of $2.81 and a 12 month high of $4.17. The company has a 50 day moving average of $3.16 and a two-hundred day moving average of $3.28. The firm has a market capitalization of $38.48 million, a price-to-earnings ratio of 50.50 and a beta of 1.07.

Jerash Holdings (US) (NASDAQ:JRSH) last released its earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 return on equity of 1.03% and a net margin of 0.45%.

Jerash Holdings (US) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, November 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.6%. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently 333.33%.

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.