Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Down 38.9% in August

Jerash Holdings (US), Inc. (NASDAQ:JRSH) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 38,652 shares, a decline of 38.9% from the July 30th total of 63,217 shares. Based on an average trading volume of 128,789 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the shares of the company are short sold.

Jerash Holdings (US) Stock Performance

Shares of JRSH opened at $5.42 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.64 and a current ratio of 3.11. Jerash Holdings has a 52-week low of $2.85 and a 52-week high of $5.81. The firm has a market cap of $68.83 million, a price-to-earnings ratio of 14.26 and a beta of 1.03. The business’s fifty day moving average is $4.88 and its 200-day moving average is $3.85.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The business had revenue of $50.23 million during the quarter, compared to the consensus estimate of $47.90 million. Jerash Holdings (US) had a return on equity of 7.61% and a net margin of 2.77%.

Jerash Holdings (US) Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, August 17th. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently 52.63%.

Hedge Funds Weigh In On Jerash Holdings (US)

A number of institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Jerash Holdings (US) in the fourth quarter valued at approximately $32,000. NewEdge Advisors LLC bought a new stake in Jerash Holdings (US) during the 1st quarter worth $43,000. Jane Street Group LLC bought a new stake in Jerash Holdings (US) during the 4th quarter worth $48,000. State Street Corp increased its holdings in Jerash Holdings (US) by 27.6% in the 4th quarter. State Street Corp now owns 21,705 shares of the company’s stock worth $66,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in Jerash Holdings (US) in the 2nd quarter worth about $95,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on JRSH shares. DA Davidson increased their price objective on Jerash Holdings (US) from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Jerash Holdings (US) from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Jerash Holdings (US) from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 28th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $6.00.

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.