Short Interest in United-Guardian, Inc. (NASDAQ:UG) Drops By 48.5%

United-Guardian, Inc. (NASDAQ:UG) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 10,200 shares, a decline of 48.5% from the October 31st total of 19,800 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 19,600 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its stake in United-Guardian by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 187,563 shares of the company’s stock worth $1,677,000 after purchasing an additional 2,100 shares during the period. Essex Investment Management Co. LLC acquired a new stake in United-Guardian during the 3rd quarter worth $126,000. Finally, Geode Capital Management LLC boosted its stake in United-Guardian by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 28,335 shares of the company’s stock worth $450,000 after purchasing an additional 2,170 shares during the period. Institutional investors and hedge funds own 23.16% of the company’s stock.

United-Guardian Trading Up 3.0 %

Shares of NASDAQ:UG traded up $0.29 during trading hours on Friday, reaching $9.84. The stock had a trading volume of 7,082 shares, compared to its average volume of 13,148. United-Guardian has a 1 year low of $6.75 and a 1 year high of $16.25. The firm’s 50 day moving average is $12.65 and its 200-day moving average is $11.61.

United-Guardian (NASDAQ:UG) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.19 EPS for the quarter. United-Guardian had a net margin of 28.30% and a return on equity of 30.25%. The company had revenue of $3.06 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of United-Guardian in a report on Monday, August 26th. They issued a “buy” rating on the stock.

About United-Guardian

United-Guardian, Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and proprietary specialty industrial products in the United States and internationally The company offers cosmetic ingredients, including LUBRAJEL, a line of water-based gel formulation for sensory enhancement, lubrication, and texture to personal care products; LUBRAJEL NATURAL for skin moisturizing; LUBRAJEL MARINE that develops natural products using naturally derived polymers; LUBRAJEL OlL NATURAL, which makes luxuriant textures without adding viscosity; LUBRAJEL TERRA, a multifunctional, moisturizing hydrogel products; LUBRASIL II SB, a formulation of LUBRAJEL; LUBRAJEL II XD; B-122, a powdered lubricant used in the manufacture of pressed powders, eyeliners, rouges, and industrial products; and ORCHID COMPLEX, an oil-soluble base for extract of fresh orchids used in fragrance products, such as perfumes and toiletries.