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

United Tennessee Bankshares Inc. (OTCMKTS:UNTN) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 496 shares, a growth of 2,510.5% from the April 30th total of 19 shares. Based on an average daily volume of 735 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

United Tennessee Bankshares Price Performance

Shares of OTCMKTS:UNTN traded up $0.57 during trading on Wednesday, hitting $27.99. The company’s stock had a trading volume of 103 shares, compared to its average volume of 253. The company has a 50-day moving average of $25.87 and a 200-day moving average of $23.50. United Tennessee Bankshares has a 12 month low of $17.25 and a 12 month high of $27.99. The firm has a market cap of $20.43 million, a price-to-earnings ratio of 9.89 and a beta of -0.29.

United Tennessee Bankshares (OTCMKTS:UNTN) last released its earnings results on Monday, April 13th. The company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $1.99 million during the quarter.

United Tennessee Bankshares Company Profile

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.