UTG Inc. (OTCMKTS:UTGN) Shares Shorted: Short Interest Up 170.0% in September

UTG Inc. (OTCMKTS:UTGN) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 27 shares, a growth of 170.0% from the September 15th total of 10 shares. Based on an average daily volume of 325 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

UTG Stock Performance

Shares of UTGN opened at $60.00 on Tuesday. The business’s 50-day moving average price is $57.88 and its 200 day moving average price is $56.95. The stock has a market capitalization of $187.80 million, a P/E ratio of 5.29 and a beta of 0.05. UTG has a 1-year low of $44.00 and a 1-year high of $65.73.

UTG (OTCMKTS:UTGN) last issued its quarterly earnings results on Wednesday, August 12th. The insurance provider reported $2.00 EPS for the quarter. The firm had revenue of $13.90 million during the quarter.

About UTG

UTG, Inc (OTCMKTS: UTGN) is an insurance holding company that operates through its insurance subsidiaries. The company’s business is focused primarily on providing life insurance and annuity products to individuals and families.

Its product offerings have included traditional life insurance, interest-sensitive and universal life policies, and fixed annuity products. These products are generally distributed through independent insurance agents and other intermediary relationships in the United States.

UTG, Inc is associated with United Trust and Life Insurance Company, which conducts the company’s principal insurance operations.