United-Guardian, Inc. (NASDAQ:UG) Short Interest Update

United-Guardian, Inc. (NASDAQ:UG) saw a large increase in short interest in 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. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 20,100 shares, the days-to-cover ratio is currently 1.0 days.

United-Guardian Stock Down 3.5 %

UG stock traded down $0.35 during trading on Friday, reaching $9.55. 16,249 shares of the stock were exchanged, compared to its average volume of 13,141. The firm’s 50 day moving average is $13.58 and its 200 day moving average is $11.50. United-Guardian has a twelve month low of $6.75 and a twelve month high of $16.25.

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

Hedge Funds Weigh In On United-Guardian

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its stake in shares of United-Guardian by 1.1% in the second quarter. Renaissance Technologies LLC now owns 187,563 shares of the company’s stock worth $1,677,000 after purchasing an additional 2,100 shares during the last quarter. Rodgers Brothers Inc. grew its position in shares of United-Guardian by 5.0% in the 1st quarter. Rodgers Brothers Inc. now owns 100,100 shares of the company’s stock worth $766,000 after buying an additional 4,750 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in shares of United-Guardian during the third quarter valued at approximately $126,000. Hedge funds and other institutional investors own 23.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on United-Guardian in a report on Monday, August 26th. They set a “buy” rating on the stock.

About United-Guardian

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.