United-Guardian, Inc. (NASDAQ:UG) Sees Large Drop in Short Interest

by · The Markets Daily

United-Guardian, Inc. (NASDAQ:UG – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 7,555 shares, a decline of 39.1% from the September 30th total of 12,413 shares. Based on an average daily trading volume, of 13,933 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On United-Guardian

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL raised its position in United-Guardian by 1.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 164,388 shares of the company’s stock valued at $1,101,000 after buying an additional 1,888 shares during the last quarter. United Capital Financial Advisors LLC acquired a new position in United-Guardian during the 2nd quarter worth approximately $143,000. Finally, BlackRock Inc. bought a new position in shares of United-Guardian during the 2nd quarter worth approximately $105,000. 23.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of United-Guardian in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Get Our Latest Stock Report on UG

United-Guardian Trading Up 1.3%

Shares of United-Guardian stock traded up $0.09 during trading on Monday, reaching $7.16. The company’s stock had a trading volume of 10,323 shares, compared to its average volume of 7,809. The stock has a 50-day moving average price of $7.05 and a two-hundred day moving average price of $6.95. United-Guardian has a one year low of $5.58 and a one year high of $8.45. The stock has a market capitalization of $32.89 million, a P/E ratio of 13.26 and a beta of 0.95.

United-Guardian (NASDAQ:UG – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.16 earnings per share for the quarter. United-Guardian had a return on equity of 22.24% and a net margin of 22.01%. The firm had revenue of $3.11 million during the quarter.

United-Guardian Company Profile

(Get Free Report)

United-Guardian, Inc is a specialty chemicals company that develops, manufactures and markets products for the personal care, pharmaceutical and industrial markets. The company serves customers in the United States and international markets through direct sales, distributors and commercial partners.

Its personal care portfolio includes Lubrajel, a family of water-based moisturizing and lubricating gels used in skin-care, hair-care, cosmetic and personal lubricant formulations. United-Guardian also supplies specialty ingredients designed to improve the texture, moisture retention and performance of finished consumer products.

In the pharmaceutical sector, the company markets Renacidin, a solution used under medical supervision for certain urinary tract applications, including the prevention and dissolution of specific types of urinary encrustations and stones.

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