UTG Inc. (OTCMKTS:UTGN) Sees Significant Increase in Short Interest

Key Points

• UTG Inc. experienced a dramatic 400.0% increase in short interest in July, with a total of 500 shares short as of July 31st, compared to just 100 shares on July 15th.
• The company's stock price remains stable at $44.22, with a market capitalization of $139.29 million and a P/E ratio of 3.13.
• In its latest earnings report, UTG posted a loss of ($0.56) EPS for the quarter, with revenue of $3.39 million and a return on equity of 20.73%.

UTG Inc. (OTCMKTS:UTGN - Get Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 500 shares, anincreaseof400.0% from the July 15th total of 100 shares. Currently,0.1% of the company's shares are short sold. Based on an average trading volume of 700 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 700 shares, the days-to-cover ratio is currently 0.7 days. Currently,0.1% of the company's shares are short sold.

UTG Trading Down 1.1%

UTGN traded down $0.47 during trading on Tuesday, reaching $43.75. The stock had a trading volume of 428 shares, compared to its average volume of 354. The stock's 50 day moving average is $39.52 and its two-hundred day moving average is $35.38. The company has a market capitalization of $137.81 million, a price-to-earnings ratio of 3.09 and a beta of 0.26. UTG has a one year low of $24.81 and a one year high of $45.75.

UTG (OTCMKTS:UTGN - Get Free Report) last announced its quarterly 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 firm had revenue of $3.39 million for the quarter.

UTG Company Profile

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.