Jerash Holdings (US), Inc. (NASDAQ:JRSH – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 5,500 shares, an increase of 57.1% from the July 15th total of 3,500 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 9,000 shares, the days-to-cover ratio is currently 0.6 days.
Jerash Holdings (US) Stock Up 1.4 %
Shares of JRSH traded up $0.04 during mid-day trading on Wednesday, reaching $2.82. The company’s stock had a trading volume of 5,695 shares, compared to its average volume of 10,996. Jerash Holdings has a 1 year low of $2.68 and a 1 year high of $3.53. The company has a market cap of $34.67 million, a price-to-earnings ratio of -17.63 and a beta of 0.81. The business has a fifty day moving average of $2.98 and a 200 day moving average of $3.03.
Jerash Holdings (US) (NASDAQ:JRSH – Get Free Report) last issued its earnings results on Thursday, June 27th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.17). The firm had revenue of $21.57 million during the quarter. Jerash Holdings (US) had a negative return on equity of 2.93% and a negative net margin of 1.71%.
Jerash Holdings (US) Announces Dividend
Hedge Funds Weigh In On Jerash Holdings (US)
A hedge fund recently bought a new stake in Jerash Holdings (US) stock. Access Investment Management LLC bought a new position in shares of Jerash Holdings (US), Inc. (NASDAQ:JRSH – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 55,765 shares of the company’s stock, valued at approximately $174,000. Access Investment Management LLC owned 0.45% of Jerash Holdings (US) at the end of the most recent quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.
Jerash Holdings (US) Company Profile
Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sport and outerwear. The company offers t-shirts; jackets and pullover; pants and shorts; crew neck, polo shirts, and tank tops made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Hong Kong, Jordan, and internationally.
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