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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 14,723 shares, an increase of 46.7% from the February 26th total of 10,038 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 23,680 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

JRSH has been the subject of a number of research reports. DA Davidson restated a “buy” rating and set a $4.00 target price on shares of Jerash Holdings (US) in a research report on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Jerash Holdings (US) in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $4.00.

Institutional Investors Weigh In On Jerash Holdings (US)

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Jerash Holdings (US) in the 4th quarter worth about $32,000. Jane Street Group LLC bought a new stake in shares of Jerash Holdings (US) during the second quarter valued at approximately $50,000. State Street Corp boosted its holdings in shares of Jerash Holdings (US) by 27.6% in the fourth quarter. State Street Corp now owns 21,705 shares of the company’s stock valued at $66,000 after purchasing an additional 4,700 shares during the period. Citadel Advisors LLC boosted its holdings in shares of Jerash Holdings (US) by 35.7% in the third quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock valued at $138,000 after purchasing an additional 10,912 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Jerash Holdings (US) by 166.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 48,083 shares of the company’s stock worth $147,000 after purchasing an additional 30,055 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

Jerash Holdings (US) Stock Performance

Shares of JRSH traded up $0.02 during midday trading on Monday, hitting $2.92. 2,596 shares of the company traded hands, compared to its average volume of 71,445. The stock has a market cap of $37.08 million, a price-to-earnings ratio of 19.47 and a beta of 1.04. The firm has a 50 day moving average of $3.13 and a 200-day moving average of $3.17. Jerash Holdings has a 52 week low of $2.81 and a 52 week high of $3.64.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its earnings results on Monday, February 9th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Jerash Holdings (US) had a net margin of 1.18% and a return on equity of 2.86%. The firm had revenue of $41.77 million during the quarter, compared to analyst estimates of $42.30 million.

Jerash Holdings (US) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were given a dividend of $0.05 per share. The ex-dividend date was Friday, February 13th. This represents a $0.20 dividend on an annualized basis and a yield of 6.8%. Jerash Holdings (US)’s payout ratio is 133.33%.

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.