Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Up 33.3% in October

Jerash Holdings (US), Inc. (NASDAQ:JRSHGet Rating) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,000 shares, an increase of 33.3% from the October 15th total of 3,000 shares. Based on an average daily trading volume, of 13,800 shares, the days-to-cover 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)

Several large investors have recently modified their holdings of the stock. UBS Group AG raised its position in Jerash Holdings (US) by 541.8% in the third quarter. UBS Group AG now owns 6,546 shares of the company’s stock worth $28,000 after acquiring an additional 5,526 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Jerash Holdings (US) by 23.1% in the third quarter. Dimensional Fund Advisors LP now owns 35,105 shares of the company’s stock worth $149,000 after acquiring an additional 6,582 shares in the last quarter. Acadian Asset Management LLC raised its position in Jerash Holdings (US) by 49.4% in the first quarter. Acadian Asset Management LLC now owns 46,299 shares of the company’s stock worth $295,000 after acquiring an additional 15,307 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Jerash Holdings (US) by 42.4% in the first quarter. Vanguard Group Inc. now owns 66,626 shares of the company’s stock worth $428,000 after acquiring an additional 19,853 shares in the last quarter. Hedge funds and other institutional investors own 3.01% of the company’s stock.

Jerash Holdings (US) Price Performance

Jerash Holdings (US) stock opened at $4.21 on Tuesday. Jerash Holdings has a 12 month low of $4.00 and a 12 month high of $7.62. The business has a 50 day simple moving average of $4.39 and a 200-day simple moving average of $5.17. The stock has a market capitalization of $52.77 million, a PE ratio of 10.53 and a beta of 0.97.

Jerash Holdings (US) Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Friday, November 18th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, November 17th. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently 50.00%.

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 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, Jordan, and internationally.

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