Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Update

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 5,400 shares, a decline of 30.8% from the February 28th total of 7,800 shares. Based on an average daily volume of 15,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Jerash Holdings (US)

A number of institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in shares of Jerash Holdings (US) during the 4th quarter worth about $78,000. Dimensional Fund Advisors LP grew its stake in Jerash Holdings (US) by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 62,920 shares of the company’s stock worth $215,000 after buying an additional 3,760 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Jerash Holdings (US) by 27.3% during the fourth quarter. Renaissance Technologies LLC now owns 92,240 shares of the company’s stock worth $315,000 after buying an additional 19,800 shares in the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

Jerash Holdings (US) Trading Down 0.9 %

NASDAQ:JRSH traded down $0.03 during mid-day trading on Monday, hitting $3.40. 14,112 shares of the company’s stock traded hands, compared to its average volume of 12,624. Jerash Holdings has a 12 month low of $2.68 and a 12 month high of $4.17. The firm has a market capitalization of $41.80 million, a price-to-earnings ratio of -10.97 and a beta of 0.88. The firm has a 50 day moving average of $3.58 and a two-hundred day moving average of $3.34.

Jerash Holdings (US) Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.88%. The ex-dividend date was Tuesday, February 18th. Jerash Holdings (US)’s payout ratio is currently -64.52%.

About Jerash Holdings (US)

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.