UTG Inc. (OTCMKTS:UTGN) Sees Significant Decline in Short Interest

UTG Inc. (OTCMKTS:UTGN) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 10 shares, a decline of 33.3% from the August 15th total of 15 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 380 shares, the days-to-cover ratio is currently 0.0 days.

UTG Price Performance

Shares of UTGN stock opened at $57.95 on Thursday. The stock has a market capitalization of $181.38 million, a price-to-earnings ratio of 5.11 and a beta of 0.10. UTG has a 1 year low of $43.05 and a 1 year high of $65.73. The company’s fifty day simple moving average is $57.80 and its two-hundred day simple moving average is $56.47.

UTG (OTCMKTS:UTGN) last announced its quarterly earnings results on Wednesday, August 12th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter. The firm had revenue of $13.90 million during the quarter.

About UTG

UTG, Inc (OTCMKTS: UTGN) is an insurance holding company focused primarily on the life insurance business. Through its insurance subsidiaries, the company provides products designed to offer death-benefit protection and long-term financial planning solutions.

Its offerings include ordinary life insurance products, such as traditional whole life, term life and universal life policies, as well as annuity products. The company’s operations are centered on underwriting, administering and servicing these policies for individual policyholders and other customers.

UTG, Inc was established in 1983 and operates through regulated insurance subsidiaries, including United Trust Life Insurance Company.