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

by · The Cerbat Gem

United Tennessee Bankshares Inc. (OTCMKTS:UNTN – Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 496 shares, an increase of 2,510.5% from the April 30th total of 19 shares. Based on an average daily trading volume, of 735 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.

United Tennessee Bankshares Stock Performance

UNTN traded up $0.57 during trading on Wednesday, reaching $27.99. 103 shares of the company traded hands, compared to its average volume of 253. United Tennessee Bankshares has a 12-month low of $17.25 and a 12-month high of $27.99. The firm has a fifty day simple moving average of $25.87 and a 200 day simple moving average of $23.50. The company has a market cap of $20.43 million, a P/E ratio of 9.89 and a beta of -0.29.

United Tennessee Bankshares (OTCMKTS:UNTN – Get Free Report) last announced its quarterly earnings data on Monday, April 13th. The company reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $1.99 million for the quarter.

About United Tennessee Bankshares

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United Tennessee Bankshares, Inc is a one-bank holding company based in Coalfield, Tennessee. Through its wholly owned subsidiary, United Tennessee Bank, the company operates as a community banking franchise focused on serving individuals, small businesses and agricultural producers in eastern Tennessee.

The bank’s core offerings include a full suite of deposit products—such as checking, savings and certificates of deposit—alongside lending solutions that encompass commercial real estate, agricultural and consumer loans.

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