Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Up 28.3% in December

Jerash Holdings (US), Inc. (NASDAQ:JRSH) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 17,309 shares, an increase of 28.3% from the December 15th total of 13,493 shares. Based on an average trading volume of 80,251 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 80,251 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Jerash Holdings (US)

Several institutional investors and hedge funds have recently modified their holdings of JRSH. Susquehanna International Group LLP boosted its stake in Jerash Holdings (US) by 70.6% in the third quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock valued at $893,000 after buying an additional 111,359 shares in the last quarter. Citadel Advisors LLC raised its stake in Jerash Holdings (US) by 35.7% during the third quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after acquiring an additional 10,912 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Jerash Holdings (US) by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 90,898 shares of the company’s stock worth $302,000 after acquiring an additional 3,136 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Jerash Holdings (US) in the 2nd quarter valued at approximately $50,000. Finally, Access Investment Management LLC acquired a new stake in shares of Jerash Holdings (US) in the 2nd quarter valued at approximately $155,000. 3.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JRSH. Weiss Ratings reiterated a “hold (c)” rating on shares of Jerash Holdings (US) in a research note on Wednesday, October 8th. Wall Street Zen upgraded Jerash Holdings (US) to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4.00.

Jerash Holdings (US) Trading Down 0.3%

NASDAQ JRSH traded down $0.01 during midday trading on Friday, hitting $3.08. The company had a trading volume of 267,760 shares, compared to its average volume of 66,607. Jerash Holdings has a twelve month low of $2.81 and a twelve month high of $4.17. The firm has a 50-day moving average price of $3.08 and a 200-day moving average price of $3.25. The company has a market capitalization of $39.12 million, a PE ratio of 51.33 and a beta of 1.05.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.10). The firm had revenue of $41.97 million during the quarter, compared to analyst estimates of $41.00 million. Jerash Holdings (US) had a net margin of 0.45% and a return on equity of 1.03%.

Jerash Holdings (US) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 19th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, November 19th. Jerash Holdings (US)’s dividend payout ratio (DPR) is currently 333.33%.

About Jerash Holdings (US)

Jerash Holdings (NASDAQ:JRSH) is a global designer, manufacturer and marketer of intimate apparel, sportswear and swimwear. Founded in 1994 in the Jerash special economic zone of Jordan, the company has built a vertically integrated production model that spans product design, raw material sourcing, fabric printing, sewing and finishing. By controlling each stage of the manufacturing process, Jerash maintains strict quality standards and achieves competitive lead times for its apparel collections.

Operating state-of-the-art facilities in Jordan with a workforce of more than 10,000 employees, Jerash produces both proprietary brands and private-label merchandise for major retailers.