Short Interest in Jerash Holdings (US), Inc. (NASDAQ:JRSH) Drops By 7.7%

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 3,600 shares, a decline of 7.7% from the March 15th total of 3,900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 12,300 shares, the short-interest ratio is currently 0.3 days.

Jerash Holdings (US) Stock Performance

JRSH stock opened at $2.98 on Tuesday. The company has a market capitalization of $36.64 million, a P/E ratio of -42.57 and a beta of 0.81. Jerash Holdings has a 52-week low of $2.77 and a 52-week high of $4.80. The business has a 50-day simple moving average of $3.04 and a two-hundred day simple moving average of $3.04.

Jerash Holdings (US) (NASDAQ:JRSH) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $27.52 million during the quarter. Jerash Holdings (US) had a negative return on equity of 1.31% and a negative net margin of 0.75%.

Jerash Holdings (US) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 16th were paid a $0.05 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.71%. Jerash Holdings (US)’s payout ratio is presently -285.71%.

Hedge Funds Weigh In On Jerash Holdings (US)

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Jerash Holdings (US) by 21.7% in the 1st quarter. BlackRock Inc. now owns 16,987 shares of the company’s stock worth $80,000 after buying an additional 3,028 shares during the last quarter. UBS Group AG raised its holdings in shares of Jerash Holdings (US) by 541.8% in the 3rd quarter. UBS Group AG now owns 6,546 shares of the company’s stock worth $28,000 after purchasing an additional 5,526 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Jerash Holdings (US) by 23.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 35,105 shares of the company’s stock worth $149,000 after purchasing an additional 6,582 shares during the period. Royal Bank of Canada raised its holdings in shares of Jerash Holdings (US) by 44.1% in the 2nd quarter. Royal Bank of Canada now owns 30,111 shares of the company’s stock worth $112,000 after purchasing an additional 9,211 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Jerash Holdings (US) by 14.6% in the 4th quarter. Renaissance Technologies LLC now owns 99,440 shares of the company’s stock worth $387,000 after purchasing an additional 12,700 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

About Jerash Holdings (US)

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made 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, Hong Kong, Jordan, and internationally.