United-Guardian, Inc. (NASDAQ:UG) Stock Short Interest Drops 37.4%

United-Guardian, Inc. (NASDAQ:UG) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 12,413 shares, a decline of 37.4% from the September 15th total of 19,823 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 7,190 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UG. Gamco Investors INC. ET AL grew 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 worth $1,101,000 after purchasing an additional 1,888 shares during the last quarter. United Capital Financial Advisors LLC acquired a new stake in United-Guardian during the second quarter worth $143,000. Finally, BlackRock Inc. bought a new stake in United-Guardian in the 2nd quarter valued at $105,000. 23.16% of the stock is currently owned by institutional investors and hedge funds.

United-Guardian Stock Down 0.1%

Shares of UG stock traded down $0.01 during trading hours on Friday, reaching $6.84. 5,749 shares of the stock traded hands, compared to its average volume of 7,722. The firm has a market capitalization of $31.40 million, a PE ratio of 12.67 and a beta of 0.95. United-Guardian has a 1-year low of $5.58 and a 1-year high of $8.45. The business has a fifty day moving average price of $7.13 and a 200 day moving average price of $7.08.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of United-Guardian from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About United-Guardian

United-Guardian, Inc develops, manufactures, and markets specialty chemical products for the personal care, pharmaceutical, medical, and industrial markets. The company sells its products under proprietary and customer-specific brands, and works with distributors and manufacturers in the United States and international markets.

Its personal care products include Lubrajel water-soluble gel formulations and other specialty ingredients used in skin-care, hair-care, cosmetic, and personal hygiene products.