Jerash Holdings (US), Inc. (NASDAQ:JRSH) Short Interest Update

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 10,400 shares, an increase of 85.7% from the October 31st total of 5,600 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 12,600 shares, the days-to-cover ratio is currently 0.8 days.

Jerash Holdings (US) Stock Performance

Jerash Holdings (US) stock traded up $0.07 during midday trading on Thursday, reaching $3.44. The stock had a trading volume of 23,461 shares, compared to its average volume of 11,531. The stock has a market capitalization of $42.29 million, a P/E ratio of -11.86 and a beta of 0.82. The firm’s fifty day simple moving average is $3.08 and its 200-day simple moving average is $3.02. Jerash Holdings has a 1-year low of $2.68 and a 1-year high of $3.46.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter. Jerash Holdings (US) had a negative net margin of 2.73% and a negative return on equity of 5.48%. The company had revenue of $40.24 million for the quarter.

Jerash Holdings (US) Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.20 annualized dividend and a yield of 5.81%. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently -68.97%.

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.