Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Up 46.7% in March

Jerash Holdings (US), Inc. (NASDAQ:JRSH) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 14,723 shares, a growth of 46.7% from the February 26th total of 10,038 shares. Based on an average trading volume of 23,680 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Jerash Holdings (US)

A number of institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP lifted its holdings 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 worth $893,000 after acquiring an additional 111,359 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Jerash Holdings (US) by 18.3% in the fourth quarter. Renaissance Technologies LLC now owns 180,424 shares of the company’s stock valued at $550,000 after buying an additional 27,954 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Jerash Holdings (US) by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 90,898 shares of the company’s stock valued at $302,000 after acquiring an additional 3,136 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Jerash Holdings (US) by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 63,541 shares of the company’s stock valued at $194,000 after acquiring an additional 4,528 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Jerash Holdings (US) by 166.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 48,083 shares of the company’s stock worth $147,000 after acquiring an additional 30,055 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Jerash Holdings (US) Stock Up 1.4%

Shares of JRSH traded up $0.04 during mid-day trading on Friday, hitting $2.90. The stock had a trading volume of 11,768 shares, compared to its average volume of 33,692. The company has a market cap of $36.83 million, a PE ratio of 19.33 and a beta of 1.04. The company’s fifty day simple moving average is $3.13 and its two-hundred day simple moving average is $3.17. Jerash Holdings has a fifty-two week low of $2.81 and a fifty-two week high of $3.64.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.04. The firm had revenue of $41.77 million for the quarter, compared to analysts’ expectations of $42.30 million. Jerash Holdings (US) had a return on equity of 2.86% and a net margin of 1.18%.

Jerash Holdings (US) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.20 annualized dividend and a dividend yield of 6.9%. Jerash Holdings (US)’s payout ratio is 133.33%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JRSH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jerash Holdings (US) in a research report on Thursday, January 22nd. DA Davidson reaffirmed a “buy” rating and issued a $4.00 target price on shares of Jerash Holdings (US) in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.00.

Jerash Holdings (US) Company Profile

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.