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

UTG Inc. (OTCMKTS:UTGN) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 102 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 222 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

UTG Price Performance

Shares of UTGN stock opened at $57.99 on Wednesday. UTG has a 52 week low of $40.00 and a 52 week high of $65.73. The firm has a market capitalization of $182.09 million, a PE ratio of 6.60 and a beta of 0.12. The company has a 50 day moving average price of $55.78 and a 200-day moving average price of $55.55.

UTG (OTCMKTS:UTGN) last released its quarterly earnings results on Wednesday, May 13th. The insurance provider reported $7.42 earnings per share (EPS) for the quarter. The firm had revenue of $36.49 million during the quarter.

About UTG

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.