Short Interest in UTG Inc. (OTCMKTS:UTGN) Declines By 85.3%

UTG Inc. (OTCMKTS:UTGN) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 15 shares, a decrease of 85.3% from the July 30th total of 102 shares. Based on an average daily volume of 71 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

UTG Price Performance

UTGN opened at $59.75 on Thursday. UTG has a 12-month low of $43.05 and a 12-month high of $65.73. The firm has a market capitalization of $187.02 million, a P/E ratio of 5.26 and a beta of 0.09. The stock’s 50 day moving average price is $57.68 and its two-hundred day moving average price is $56.02.

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

About UTG

UTG, Inc, an insurance holding company, provides individual life insurance products and services in the United States. Its individual life insurance includes servicing of existing insurance business in-force; the acquisition of other companies in the insurance business; and the administration processing of life insurance business for other entities. In addition, it offers reinsurance products. UTG, Inc was founded in 1966 and is headquartered in Stanford, Kentucky.