Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Down 52.2% in April

Jerash Holdings (US), Inc. (NASDAQ:JRSH – Get Rating) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 3,200 shares, a drop of 52.2% from the March 31st total of 6,700 shares. Based on an average daily volume of 25,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Jerash Holdings (US) by 22.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,111 shares of the company’s stock valued at $137,000 after purchasing an additional 3,812 shares in the last quarter. Warberg Asset Management LLC bought a new stake in Jerash Holdings (US) during the 3rd quarter valued at about $67,000. Bailard Inc. bought a new stake in Jerash Holdings (US) during the 1st quarter valued at about $114,000. Aristides Capital LLC bought a new stake in Jerash Holdings (US) during the 3rd quarter valued at about $134,000. Finally, Manatuck Hill Partners LLC bought a new stake in Jerash Holdings (US) during the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 53.68% of the company’s stock.

Shares of Jerash Holdings (US) stock opened at $5.58 on Friday. The company has a 50-day moving average of $6.59 and a 200 day moving average of $6.68. The firm has a market cap of $68.77 million, a price-to-earnings ratio of 7.43 and a beta of 0.64. Jerash Holdings has a 1 year low of $5.40 and a 1 year high of $9.20.

Jerash Holdings (US) (NASDAQ:JRSH – Get Rating) last issued its quarterly earnings results on Thursday, February 10th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $36.82 million during the quarter. Jerash Holdings (US) had a net margin of 6.41% and a return on equity of 14.13%. During the same quarter in the previous year, the business earned $0.01 earnings per share. Equities analysts anticipate that Jerash Holdings will post 0.73 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 22nd. Shareholders of record on Tuesday, February 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 14th. This represents a $0.20 dividend on an annualized basis and a yield of 3.59%. Jerash Holdings (US)’s dividend payout ratio is currently 26.67%.

Several research firms have recently commented on JRSH. Lake Street Capital raised their target price on shares of Jerash Holdings (US) from $9.00 to $12.00 in a research report on Friday, February 11th. Zacks Investment Research lowered shares of Jerash Holdings (US) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $10.44.

Jerash Holdings (US) Company Profile (Get Rating)

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and readymade sport and outerwear. The company offers jackets, polo shirts, t-shirts, pants, and shorts made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Jordan, and internationally.

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