Jerash Holdings (US) Inc (NASDAQ:JRSH) saw a significant decline in short interest in March. As of March 13th, there was short interest totalling 2,900 shares, a decline of 37.0% from the February 27th total of 4,600 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.1% of the shares of the stock are sold short.
Shares of NASDAQ JRSH traded up $0.69 during midday trading on Thursday, hitting $5.14. 1,600 shares of the company’s stock were exchanged, compared to its average volume of 4,598. Jerash Holdings has a 12-month low of $3.60 and a 12-month high of $8.00. The company has a current ratio of 6.43, a quick ratio of 4.90 and a debt-to-equity ratio of 0.01. The company has a market cap of $51.64 million, a price-to-earnings ratio of 8.43 and a beta of 0.87. The business’s fifty day moving average price is $5.96 and its two-hundred day moving average price is $6.51.
Jerash Holdings (US) (NASDAQ:JRSH) last issued its earnings results on Thursday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.10. The business had revenue of $25.45 million during the quarter. Jerash Holdings (US) had a return on equity of 13.21% and a net margin of 7.52%. Equities analysts expect that Jerash Holdings will post 0.7 earnings per share for the current fiscal year.
Several brokerages have recently commented on JRSH. DA Davidson boosted their price objective on Jerash Holdings (US) from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, February 14th. ValuEngine raised Jerash Holdings (US) from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, Zacks Investment Research lowered Jerash Holdings (US) from a “hold” rating to a “sell” rating in a report on Wednesday, March 18th.
A number of hedge funds have recently made changes to their positions in JRSH. Millennium Management LLC bought a new stake in Jerash Holdings (US) in the third quarter valued at approximately $245,000. 1492 Capital Management LLC bought a new stake in Jerash Holdings (US) in the fourth quarter valued at approximately $589,000. Finally, Renaissance Technologies LLC lifted its position in Jerash Holdings (US) by 44.9% in the fourth quarter. Renaissance Technologies LLC now owns 21,888 shares of the company’s stock valued at $128,000 after purchasing an additional 6,786 shares during the last quarter. Hedge funds and other institutional investors own 6.58% of the company’s stock.
Jerash Holdings (US) Company Profile
Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabric. It serves various brand-name retailers in the United States, Jordan, and internationally.
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