Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Up 28.3% in December

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the recipient of a significant growth in short interest in the month of 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 volume of 80,251 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 80,251 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JRSH. Wall Street Zen upgraded Jerash Holdings (US) to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings restated a “hold (c)” rating on shares of Jerash Holdings (US) in a report on Wednesday, October 8th. One equities research 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, Jerash Holdings (US) has an average rating of “Moderate Buy” and a consensus price target of $4.00.

Jerash Holdings (US) Price Performance

JRSH stock opened at $3.09 on Tuesday. Jerash Holdings has a 1 year low of $2.81 and a 1 year high of $4.17. The business’s 50-day moving average is $3.08 and its two-hundred day moving average is $3.25. The firm has a market capitalization of $39.18 million, a P/E ratio of 51.42 and a beta of 1.05.

Jerash Holdings (US) (NASDAQ:JRSH) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.10). The firm had revenue of $41.97 million for 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 business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 19th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, November 19th. Jerash Holdings (US)’s dividend payout ratio (DPR) is 333.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in Jerash Holdings (US) during the second quarter worth approximately $50,000. Citadel Advisors LLC increased 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 valued at $138,000 after acquiring an additional 10,912 shares during the period. Access Investment Management LLC purchased a new stake in Jerash Holdings (US) in the 2nd quarter valued at $155,000. Dimensional Fund Advisors LP boosted its stake in Jerash Holdings (US) by 3.6% during 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 during the period. Finally, Susquehanna International Group LLP boosted its stake in Jerash Holdings (US) by 70.6% during 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 during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

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.