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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 51,225 shares, a growth of 201.3% from the April 15th total of 16,999 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 142,282 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Jerash Holdings (US)

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in Jerash Holdings (US) by 3.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 90,898 shares of the company’s stock valued at $302,000 after acquiring an additional 3,136 shares during the period. Geode Capital Management LLC grew its position in shares of Jerash Holdings (US) by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 63,541 shares of the company’s stock valued at $194,000 after purchasing an additional 4,528 shares during the last quarter. State Street Corp grew its position 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 last quarter. Virtu Financial LLC bought a new position in shares of Jerash Holdings (US) during the fourth quarter worth approximately $32,000. Finally, Citadel Advisors LLC increased its stake in shares of Jerash Holdings (US) by 35.7% during the third quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after purchasing an additional 10,912 shares during the period. 3.39% of the stock is owned by institutional investors.

Jerash Holdings (US) Stock Up 0.3%

Shares of NASDAQ JRSH traded up $0.01 during midday trading on Friday, hitting $3.32. 332,056 shares of the company’s stock were exchanged, compared to its average volume of 176,980. The firm has a market capitalization of $42.16 million, a PE ratio of 22.13 and a beta of 1.13. Jerash Holdings has a 12 month low of $2.85 and a 12 month high of $3.60. The company’s 50 day moving average price is $3.16 and its 200 day moving average price is $3.15.

Jerash Holdings (US) Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, May 14th. Jerash Holdings (US)’s payout ratio is 133.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on JRSH. Weiss Ratings reissued a “hold (c)” rating on shares of Jerash Holdings (US) in a research report on Tuesday, April 21st. DA Davidson reiterated a “buy” rating and issued a $4.00 price target on shares of Jerash Holdings (US) in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.00.

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.