Jerash Holdings (US) Inc (NASDAQ:JRSH) Sees Large Increase in Short Interest

Jerash Holdings (US) Inc (NASDAQ:JRSH) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 4,500 shares, a growth of 25.0% from the May 30th total of 3,600 shares. Based on an average daily volume of 5,400 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are short sold.

Shares of NASDAQ:JRSH traded down $0.14 during trading on Friday, reaching $7.00. 7,300 shares of the company’s stock traded hands, compared to its average volume of 9,545. Jerash Holdings has a 12 month low of $4.77 and a 12 month high of $8.50. The company’s 50 day moving average is $6.94.

A number of brokerages recently weighed in on JRSH. DA Davidson lowered their price objective on shares of Comerica from $87.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, June 5th. Finally, ValuEngine raised shares of Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.50.

An institutional investor recently raised its position in Jerash Holdings (US) stock. Royce & Associates LP lifted its holdings in shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) by 32.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 149,860 shares of the company’s stock after buying an additional 36,393 shares during the period. Royce & Associates LP owned 1.32% of Jerash Holdings (US) worth $1,101,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 3.67% 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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