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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 5,100 shares, an increase of 41.7% from the March 31st total of 3,600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 17,300 shares, the days-to-cover ratio is presently 0.3 days.

Jerash Holdings (US) Stock Performance

NASDAQ JRSH opened at $3.01 on Friday. The stock has a 50 day moving average price of $3.27 and a 200-day moving average price of $3.34. Jerash Holdings has a one year low of $2.68 and a one year high of $4.17. The company has a market capitalization of $37.01 million, a P/E ratio of -9.71 and a beta of 0.84.

Jerash Holdings (US) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were issued a $0.05 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.64%. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently -64.52%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in shares of Jerash Holdings (US) in the 4th quarter worth approximately $78,000. Dimensional Fund Advisors LP raised its stake in shares of Jerash Holdings (US) by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,920 shares of the company’s stock valued at $215,000 after acquiring an additional 3,760 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Jerash Holdings (US) by 27.3% in the 4th quarter. Renaissance Technologies LLC now owns 92,240 shares of the company’s stock worth $315,000 after acquiring an additional 19,800 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Jerash Holdings (US) Company Profile

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.