Short Interest in UTG Inc. (OTCMKTS:UTGN) Increases By 60.0%

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) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 800 shares, a growth of 60.0% from the August 15th total of 500 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 4.0 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 4.0 days.

UTG Stock Performance

Shares of UTGN stock opened at $44.80 on Monday. The business's 50 day moving average is $42.64 and its two-hundred day moving average is $37.46. UTG has a twelve month low of $24.81 and a twelve month high of $46.83. The company has a market capitalization of $141.12 million, a P/E ratio of 3.17 and a beta of 0.28.

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

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