Jerash Holdings (US), Inc. (NASDAQ:JRSH) Sees Large Decline in Short Interest

Jerash Holdings (US), Inc. (NASDAQ:JRSH) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 3,600 shares, a drop of 7.7% from the March 15th total of 3,900 shares. Based on an average trading volume of 12,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Jerash Holdings (US)

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG boosted its holdings in Jerash Holdings (US) by 541.8% in the third quarter. UBS Group AG now owns 6,546 shares of the company’s stock worth $28,000 after purchasing an additional 5,526 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Jerash Holdings (US) by 21.7% during the 1st quarter. BlackRock Inc. now owns 16,987 shares of the company’s stock worth $80,000 after acquiring an additional 3,028 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Jerash Holdings (US) by 44.1% during the 2nd quarter. Royal Bank of Canada now owns 30,111 shares of the company’s stock worth $112,000 after acquiring an additional 9,211 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Jerash Holdings (US) by 23.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 35,105 shares of the company’s stock worth $149,000 after acquiring an additional 6,582 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Jerash Holdings (US) by 49.4% during the 1st quarter. Acadian Asset Management LLC now owns 46,299 shares of the company’s stock worth $295,000 after acquiring an additional 15,307 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Jerash Holdings (US) Trading Down 1.9 %

Shares of JRSH stock opened at $2.98 on Tuesday. Jerash Holdings has a 12-month low of $2.77 and a 12-month high of $4.80. The firm’s 50 day moving average is $3.04 and its 200 day moving average is $3.04. The stock has a market capitalization of $36.64 million, a P/E ratio of -42.57 and a beta of 0.81.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its earnings results on Thursday, February 8th. The company reported $0.02 earnings per share (EPS) for the quarter. Jerash Holdings (US) had a negative net margin of 0.75% and a negative return on equity of 1.31%. The company had revenue of $27.52 million for the quarter.

Jerash Holdings (US) Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 16th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.71%. The ex-dividend date of this dividend was Thursday, February 15th. Jerash Holdings (US)’s dividend payout ratio is currently -285.71%.

About Jerash Holdings (US)

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.