United Bancshares, Inc. (NASDAQ:UBOH) Sees Significant Drop in Short Interest

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) was the recipient of a significant decline in short interest during 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 volume of 15,400 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 15,400 shares, the short-interest ratio is presently 0.3 days.

United Bancshares Stock Up 6.9%

UBOH stock traded up $2.41 during trading on Monday, hitting $37.30. 19,891 shares of the company's stock traded hands, compared to its average volume of 2,660. United Bancshares has a 52 week low of $19.42 and a 52 week high of $37.30. The stock has a market capitalization of $110.56 million, a price-to-earnings ratio of 12.15 and a beta of 0.07. The stock has a fifty day moving average price of $30.75 and a two-hundred day moving average price of $28.27.

United Bancshares Dividend Announcement

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

About United Bancshares

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.