Short Interest in Jerash Holdings (US), Inc. (NASDAQ:JRSH) Rises By 85.7%

Jerash Holdings (US), Inc. (NASDAQ:JRSH) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 10,400 shares, a growth of 85.7% from the October 31st total of 5,600 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 12,600 shares, the short-interest 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. 23,461 shares of the company’s stock were exchanged, compared to its average volume of 11,531. The stock’s 50-day simple moving average is $3.08 and its 200 day simple moving average is $3.02. The firm has a market cap of $42.29 million, a price-to-earnings ratio of -11.86 and a beta of 0.82. Jerash Holdings has a 52 week low of $2.68 and a 52 week high of $3.46.

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

Jerash Holdings (US) Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be issued a $0.05 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.20 annualized dividend and a dividend yield of 5.81%. Jerash Holdings (US)’s dividend payout ratio is currently -68.97%.

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.