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

UTG Inc. (OTCMKTS:UTGN) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 32 shares, an increase of 190.9% from the May 14th total of 11 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

UTG Trading Up 1.9%

UTGN opened at $53.99 on Friday. The stock has a 50-day moving average price of $55.99 and a 200-day moving average price of $55.70. UTG has a 12-month low of $37.25 and a 12-month high of $65.73. The stock has a market capitalization of $169.53 million, a P/E ratio of 6.14 and a beta of 0.11.

UTG (OTCMKTS:UTGN) last posted its quarterly earnings data on Wednesday, May 13th. The insurance provider reported $7.42 earnings per share (EPS) for the quarter. UTG had a return on equity of 11.75% and a net margin of 48.60%.The firm had revenue of $36.49 million during 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. In addition, it offers reinsurance products. UTG, Inc was founded in 1966 and is headquartered in Stanford, Kentucky.