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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the recipient of a large increase in short interest in 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. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 15,700 shares, the short-interest ratio is presently 0.5 days.

Jerash Holdings (US) Price Performance

NASDAQ:JRSH remained flat at $3.57 during trading hours on Friday. 6,915 shares of the company were exchanged, compared to its average volume of 12,192. The firm has a market cap of $43.89 million, a price-to-earnings ratio of -11.52 and a beta of 0.88. The firm’s fifty day moving average is $3.56 and its 200-day moving average is $3.30. Jerash Holdings has a 12-month low of $2.68 and a 12-month high of $4.17.

Jerash Holdings (US) Dividend Announcement

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

Institutional Trading of Jerash Holdings (US)

Several hedge funds have recently made changes to their positions in JRSH. Citadel Advisors LLC acquired a new stake in shares of Jerash Holdings (US) in the 4th quarter worth $78,000. Dimensional Fund Advisors LP increased its holdings in shares of Jerash Holdings (US) by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 62,920 shares of the company’s stock valued at $215,000 after purchasing an additional 3,760 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings 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 purchasing an additional 19,800 shares in the last quarter. 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.