Short Interest in Jerash Holdings (US), Inc. (NASDAQ:JRSH) Declines By 41.2%

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 47,071 shares, a decrease of 41.2% from the May 14th total of 80,095 shares. Based on an average daily volume of 185,306 shares, the short-interest ratio is presently 0.3 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Jerash Holdings (US)

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its holdings in shares of Jerash Holdings (US) by 50.9% in the 1st quarter. Renaissance Technologies LLC now owns 272,240 shares of the company’s stock valued at $787,000 after purchasing an additional 91,816 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in shares of Jerash Holdings (US) by 70.6% in the 3rd quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock valued at $893,000 after purchasing an additional 111,359 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Jerash Holdings (US) by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 97,495 shares of the company’s stock valued at $297,000 after purchasing an additional 6,597 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Jerash Holdings (US) by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 63,541 shares of the company’s stock valued at $194,000 after purchasing an additional 4,528 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Jerash Holdings (US) by 166.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 48,083 shares of the company’s stock valued at $147,000 after purchasing an additional 30,055 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on JRSH. Weiss Ratings reissued a “hold (c)” rating on shares of Jerash Holdings (US) in a research report on Tuesday, April 21st. Wall Street Zen upgraded Jerash Holdings (US) to a “hold” rating in a research note on Saturday, May 30th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4.00.

Jerash Holdings (US) Stock Performance

Shares of NASDAQ JRSH traded up $0.29 during trading hours on Monday, reaching $3.75. 36,560,228 shares of the stock were exchanged, compared to its average volume of 122,167. The firm has a market capitalization of $47.63 million, a price-to-earnings ratio of 25.00 and a beta of 1.11. Jerash Holdings has a 52 week low of $2.85 and a 52 week high of $5.47. The stock’s fifty day simple moving average is $3.33 and its 200 day simple moving average is $3.18.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its earnings results on Monday, June 15th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.13. Jerash Holdings (US) had a return on equity of 2.86% and a net margin of 1.18%.

Jerash Holdings (US) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Thursday, May 14th. Jerash Holdings (US)’s dividend payout ratio (DPR) is 133.33%.

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.