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

United-Guardian, Inc. (NASDAQ:UG) was the recipient of a significant decline in short interest during the month of 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. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 7,190 shares, the days-to-cover ratio is presently 1.7 days.

United-Guardian Stock Down 0.1%

Shares of United-Guardian stock traded down $0.01 on Friday, hitting $6.84. The company’s stock had a trading volume of 5,749 shares, compared to its average volume of 7,722. The firm has a fifty day moving average price of $7.13 and a 200-day moving average price of $7.08. United-Guardian has a 52-week low of $5.58 and a 52-week high of $8.45. The company has a market capitalization of $31.40 million, a P/E ratio of 12.67 and a beta of 0.95.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. United Capital Financial Advisors LLC bought a new position in shares of United-Guardian during the second quarter worth about $143,000. BlackRock Inc. acquired a new position in shares of United-Guardian in the 2nd quarter valued at about $105,000. Finally, Gamco Investors INC. ET AL raised its position in shares of United-Guardian by 1.2% during 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 period. 23.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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