United Bancshares, Inc. (NASDAQ:UBOH) Short Interest Down 55.9% in August

Key Points

• United Bancshares, Inc. experienced a 55.9% decrease in short interest in August, bringing the total to 5,200 shares, and the short-interest ratio is currently 0.3 days.
• The company announced a $0.23 quarterly dividend to be paid on September 15th, representing a 2.6% dividend yield and a payout ratio of 23.96%.
• United Bancshares shares are trading at approximately $34.89, with a market cap of $103.41 million and a price-to-earnings ratio of 11.36.

United Bancshares, Inc. (NASDAQ:UBOH - Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,200 shares, a decline of 55.9% from the August 15th total of 11,800 shares. Based on an average daily trading volume, of 15,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company's shares are sold short. Currently, 0.2% of the company's shares are sold short. Based on an average daily trading volume, of 15,400 shares, the days-to-cover ratio is currently 0.3 days.

United Bancshares Stock Performance

Shares of UBOH stock traded down $0.32 on Thursday, hitting $36.99. The stock had a trading volume of 9,573 shares, compared to its average volume of 2,659. The firm has a market capitalization of $109.64 million, a price-to-earnings ratio of 12.05 and a beta of 0.07. The stock's 50 day moving average is $31.12 and its 200-day moving average is $28.39. United Bancshares has a 52-week low of $19.42 and a 52-week high of $37.35.

United Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.5%. United Bancshares's dividend payout ratio (DPR) is presently 23.96%.

United Bancshares Company Profile

United Bancshares, Inc operates as the bank holding company for The Union Bank Company that provides various commercial and consumer banking services. The company accepts various deposits products, such as checking, savings, demand deposit, money market deposit, term certificate, and individual retirement accounts, as well as certificates of deposit.