Jerash Holdings (US) Inc (NASDAQ:JRSH) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 5,400 shares, a decrease of 28.9% from the August 31st total of 7,600 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 31,700 shares, the short-interest ratio is presently 0.2 days.
JRSH has been the topic of several recent analyst reports. Lake Street Capital reduced their price objective on shares of Jerash Holdings (US) from $11.00 to $8.00 in a research note on Tuesday, June 30th. Zacks Investment Research downgraded shares of Jerash Holdings (US) from a “hold” rating to a “sell” rating in a research note on Friday, July 3rd. Finally, TheStreet raised shares of Jerash Holdings (US) from a “d+” rating to a “c-” rating in a research note on Thursday, September 17th.
A hedge fund recently raised its stake in Jerash Holdings (US) stock. Howe & Rusling Inc. lifted its holdings in Jerash Holdings (US) Inc (NASDAQ:JRSH) by 25.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 410,084 shares of the company’s stock after acquiring an additional 82,001 shares during the period. Howe & Rusling Inc. owned approximately 3.62% of Jerash Holdings (US) worth $2,086,000 as of its most recent SEC filing. Institutional investors and hedge funds own 7.39% of the company’s stock.
Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. The company had revenue of $18.71 million for the quarter. Jerash Holdings (US) had a net margin of 6.43% and a return on equity of 10.43%.
About Jerash Holdings (US)
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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