Short Interest in United-Guardian, Inc. (NASDAQ:UG) Rises By 57.1%

United-Guardian, Inc. (NASDAQ:UG) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 19,800 shares, an increase of 57.1% from the October 15th total of 12,600 shares. Based on an average trading volume of 20,100 shares, the short-interest ratio is currently 1.0 days. Currently, 0.7% of the shares of the company are short sold.

United-Guardian Price Performance

Shares of NASDAQ:UG opened at $9.93 on Thursday. United-Guardian has a 1 year low of $6.75 and a 1 year high of $16.25. The stock has a market capitalization of $45.58 million, a price-to-earnings ratio of 13.07 and a beta of 0.84. The company’s 50 day simple moving average is $13.74 and its 200 day simple moving average is $11.51.

United-Guardian (NASDAQ:UG) last released its earnings results on Friday, November 8th. The company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $3.06 million for the quarter. United-Guardian had a return on equity of 30.13% and a net margin of 28.30%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of United-Guardian in a report on Monday, August 26th. They issued a “buy” rating for the company.

Institutional Investors Weigh In On United-Guardian

Several large investors have recently modified their holdings of UG. Essex Investment Management Co. LLC bought a new stake in shares of United-Guardian during the third quarter valued at approximately $126,000. Renaissance Technologies LLC grew its position in United-Guardian by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 187,563 shares of the company’s stock valued at $1,677,000 after purchasing an additional 2,100 shares during the period. Finally, Rodgers Brothers Inc. increased its stake in United-Guardian by 5.0% during the 1st quarter. Rodgers Brothers Inc. now owns 100,100 shares of the company’s stock valued at $766,000 after purchasing an additional 4,750 shares in the last quarter. 23.16% of the stock is currently owned by institutional investors and hedge funds.

United-Guardian Company Profile

United-Guardian, Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and proprietary specialty industrial products in the United States and internationally The company offers cosmetic ingredients, including LUBRAJEL, a line of water-based gel formulation for sensory enhancement, lubrication, and texture to personal care products; LUBRAJEL NATURAL for skin moisturizing; LUBRAJEL MARINE that develops natural products using naturally derived polymers; LUBRAJEL OlL NATURAL, which makes luxuriant textures without adding viscosity; LUBRAJEL TERRA, a multifunctional, moisturizing hydrogel products; LUBRASIL II SB, a formulation of LUBRAJEL; LUBRAJEL II XD; B-122, a powdered lubricant used in the manufacture of pressed powders, eyeliners, rouges, and industrial products; and ORCHID COMPLEX, an oil-soluble base for extract of fresh orchids used in fragrance products, such as perfumes and toiletries.