Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Up 118.8% in April

Jerash Holdings (US), Inc. (NASDAQ:JRSHGet Rating) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 7,000 shares, an increase of 118.8% from the April 15th total of 3,200 shares. Based on an average trading volume of 25,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

A number of analysts have weighed in on the company. Zacks Investment Research cut Jerash Holdings (US) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Lake Street Capital lifted their target price on Jerash Holdings (US) from $9.00 to $12.00 in a research report on Friday, February 11th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $10.44.

NASDAQ JRSH opened at $5.79 on Friday. Jerash Holdings has a 52-week low of $5.30 and a 52-week high of $9.20. The business’s 50-day moving average price is $6.30 and its 200 day moving average price is $6.61. The firm has a market cap of $71.39 million, a P/E ratio of 7.72 and a beta of 0.70.

Jerash Holdings (US) (NASDAQ:JRSHGet Rating) last released its quarterly earnings results on Thursday, February 10th. The company reported $0.13 earnings per share (EPS) for the quarter. Jerash Holdings (US) had a return on equity of 14.13% and a net margin of 6.41%. The firm had revenue of $36.82 million for the quarter. During the same period in the prior year, the business earned $0.01 EPS. On average, equities analysts forecast that Jerash Holdings will post 0.73 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its holdings in Jerash Holdings (US) by 49.4% in the 1st quarter. Acadian Asset Management LLC now owns 46,299 shares of the company’s stock valued at $295,000 after purchasing an additional 15,307 shares in the last quarter. Bailard Inc. purchased a new stake in Jerash Holdings (US) in the 1st quarter valued at approximately $114,000. Renaissance Technologies LLC boosted its holdings in Jerash Holdings (US) by 76.6% in the 4th quarter. Renaissance Technologies LLC now owns 151,240 shares of the company’s stock valued at $979,000 after purchasing an additional 65,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 3,812 shares during the period. Finally, Warberg Asset Management LLC acquired a new stake in shares of Jerash Holdings (US) during the 3rd quarter valued at approximately $67,000. 20.42% of the stock is currently owned by institutional investors.

About Jerash Holdings (US) (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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