United Bancshares, Inc. (NASDAQ:UBOH) Sees Large Decrease in Short Interest

United Bancshares, Inc. (NASDAQ:UBOH) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,200 shares, a decline of 55.9% from the August 15th total of 11,800 shares. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is currently 0.3 days.

United Bancshares Stock Down 0.3%

Shares of NASDAQ:UBOH opened at $34.89 on Monday. The company’s fifty day moving average is $30.57 and its two-hundred day moving average is $28.21. United Bancshares has a 12-month low of $19.42 and a 12-month high of $35.00. The company has a market cap of $103.41 million, a P/E ratio of 11.36 and a beta of 0.07.

United Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.6%. United Bancshares’s dividend payout ratio (DPR) is currently 23.96%.

United Bancshares Company Profile

United Bancshares, Inc operates as the bank holding company for The Union Bank Company that provides various commercial and consumer banking services. The company accepts various deposits products, such as checking, savings, demand deposit, money market deposit, term certificate, and individual retirement accounts, as well as certificates of deposit.