Short Interest in Jerash Holdings (US), Inc. (NASDAQ:JRSH) Rises By 300.0%

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 7,600 shares, a growth of 300.0% from the September 15th total of 1,900 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is presently 0.7 days.

Jerash Holdings (US) Price Performance

Shares of Jerash Holdings (US) stock opened at $2.97 on Friday. The business has a fifty day simple moving average of $2.94 and a two-hundred day simple moving average of $3.00. Jerash Holdings has a 1 year low of $2.68 and a 1 year high of $3.43. The company has a market capitalization of $36.53 million, a price-to-earnings ratio of -9.58 and a beta of 0.82.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its earnings results on Tuesday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Jerash Holdings (US) had a negative return on equity of 5.78% and a negative net margin of 3.12%. The company had revenue of $40.94 million for the quarter.

Jerash Holdings (US) Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 16th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.73%. The ex-dividend date was Friday, August 16th. Jerash Holdings (US)’s payout ratio is -64.51%.

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.