Short Interest in Jerash Holdings (US), Inc. (NASDAQ:JRSH) Expands By 90.2%

Jerash Holdings (US), Inc. (NASDAQ:JRSH) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 7,800 shares, an increase of 90.2% from the February 13th total of 4,100 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 15,700 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Jerash Holdings (US)

A number of large investors have recently bought and sold shares of JRSH. Citadel Advisors LLC bought a new position in shares of Jerash Holdings (US) in the fourth quarter valued at $78,000. Dimensional Fund Advisors LP lifted its stake in Jerash Holdings (US) by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,920 shares of the company’s stock valued at $215,000 after acquiring an additional 3,760 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Jerash Holdings (US) by 27.3% in the 4th quarter. Renaissance Technologies LLC now owns 92,240 shares of the company’s stock valued at $315,000 after acquiring an additional 19,800 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Jerash Holdings (US) Stock Performance

JRSH opened at $3.57 on Friday. The firm’s fifty day moving average is $3.56 and its two-hundred day moving average is $3.30. The firm has a market cap of $43.89 million, a PE ratio of -11.52 and a beta of 0.88. Jerash Holdings has a twelve month low of $2.68 and a twelve month high of $4.17.

Jerash Holdings (US) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.20 annualized dividend and a yield of 5.60%. Jerash Holdings (US)’s dividend payout ratio is currently -64.52%.

Jerash Holdings (US) Company Profile

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.