Jerash Holdings (US), Inc. (NASDAQ:JRSH – Get Free Report) 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)
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.
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