UTG Inc. (OTCMKTS:UTGN) Short Interest Up 60.0% in August

Key Points

• Short interest in UTG Inc. increased by 60.0% in August, rising from 500 shares to 800 shares, indicating growing bearish sentiment among investors.
• UTG's last earnings report revealed a net loss of ($0.56) per share despite a net margin of 55.51% and quarterly revenue of $3.39 million.
• The market capitalization of UTG Inc. stands at $141.12 million, with a P/E ratio of 3.17 and a beta of 0.28, suggesting relatively low volatility.

UTG Inc. (OTCMKTS:UTGN - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 800 shares, an increase of 60.0% from the August 15th total of 500 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 4.0 days. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 4.0 days. Approximately 0.1% of the company's shares are short sold.

UTG Stock Performance

UTGN stock remained flat at $43.75 during midday trading on Friday. The company had a trading volume of 130 shares, compared to its average volume of 271. The business's fifty day moving average price is $43.16 and its two-hundred day moving average price is $37.74. The company has a market capitalization of $137.86 million, a price-to-earnings ratio of 3.09 and a beta of 0.28. UTG has a 1 year low of $24.81 and a 1 year high of $46.83.

UTG (OTCMKTS:UTGN - Get Free Report) last issued its earnings results on Tuesday, August 12th. The insurance provider reported ($0.56) earnings per share (EPS) for the quarter. UTG had a return on equity of 20.73% and a net margin of 55.51%.The company had revenue of $3.39 million for the quarter.

About UTG

UTG, Inc, an insurance holding company, provides individual life insurance products and services in the United States. Its individual life insurance includes servicing of existing insurance business in-force; the acquisition of other companies in the insurance business; and the administration processing of life insurance business for other entities.