Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Down 30.8% in March

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 5,400 shares, a decrease of 30.8% from the February 28th total of 7,800 shares. Based on an average daily trading volume, of 15,900 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Jerash Holdings (US) Stock Down 1.7 %

JRSH stock traded down $0.06 on Friday, reaching $3.43. 6,888 shares of the company’s stock were exchanged, compared to its average volume of 12,618. The stock has a fifty day moving average of $3.58 and a 200-day moving average of $3.34. The firm has a market cap of $42.17 million, a PE ratio of -11.06 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 declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.83%. Jerash Holdings (US)’s dividend payout ratio is presently -64.52%.

Institutional Trading of Jerash Holdings (US)

Several hedge funds and other institutional investors have recently made changes to their positions in JRSH. Dimensional Fund Advisors LP lifted its position in shares of Jerash Holdings (US) by 6.4% during the 4th 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 period. Renaissance Technologies LLC increased its stake in 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 purchasing an additional 19,800 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in Jerash Holdings (US) during the fourth quarter worth $78,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

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.