Jerash Holdings (US), Inc. (NASDAQ:JRSH) Sees Large Drop in Short Interest

Jerash Holdings (US), Inc. (NASDAQ:JRSHGet Free Report) was the target of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 9,700 shares, a decrease of 13.4% from the May 15th total of 11,200 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 8,800 shares, the short-interest ratio is presently 1.1 days.

Jerash Holdings (US) Stock Up 0.3 %

Shares of NASDAQ JRSH traded up $0.01 during trading on Monday, reaching $3.01. 997 shares of the company traded hands, compared to its average volume of 10,629. The firm has a 50 day simple moving average of $3.05 and a 200-day simple moving average of $3.04. Jerash Holdings has a 52-week low of $2.77 and a 52-week high of $4.13. The stock has a market capitalization of $37.01 million, a PE ratio of -43.00 and a beta of 0.81.

Jerash Holdings (US) Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.64%. The ex-dividend date was Friday, May 31st. Jerash Holdings (US)’s dividend payout ratio is currently -285.71%.

Institutional Investors Weigh In On Jerash Holdings (US)

A hedge fund recently bought a new stake in Jerash Holdings (US) stock. Access Investment Management LLC purchased a new position in Jerash Holdings (US), Inc. (NASDAQ:JRSHFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 55,765 shares of the company’s stock, valued at approximately $174,000. Access Investment Management LLC owned about 0.45% of Jerash Holdings (US) at the end of the most recent reporting period. 3.39% of the stock is owned by hedge funds and other institutional investors.

About Jerash Holdings (US)

(Get Free Report)

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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