United Tennessee Bankshares, Inc. (OTCMKTS:UNTN) Sees Significant Growth in Short Interest

United Tennessee Bankshares, Inc. (OTCMKTS:UNTN) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 300 shares, a growth of 200.0% from the November 30th total of 100 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 0.8 days.

United Tennessee Bankshares Stock Performance

United Tennessee Bankshares stock remained flat at $16.25 during trading on Thursday. 233 shares of the company were exchanged, compared to its average volume of 900. United Tennessee Bankshares has a 12-month low of $15.68 and a 12-month high of $18.92. The company has a market cap of $12.03 million, a price-to-earnings ratio of 9.08 and a beta of 0.20. The business’s 50-day simple moving average is $16.27 and its 200-day simple moving average is $16.69.

United Tennessee Bankshares (OTCMKTS:UNTN) last released its quarterly earnings results on Tuesday, October 15th. The company reported $0.44 EPS for the quarter. The company had revenue of $1.65 million for the quarter.

United Tennessee Bankshares Company Profile

United Tennessee Bankshares, Inc operates as the holding company for Newport Federal Bank that provides various financial services to individuals and corporate customers. The company accepts interest-bearing checking, savings, NOW, passbook savings, money market, and individual retirement accounts, as well as certificates of deposit.