Short Interest in United-Guardian, Inc. (NASDAQ:UG) Expands By 155.9%

United-Guardian, Inc. (NASDAQ:UG) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 8,700 shares, a growth of 155.9% from the June 30th total of 3,400 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 11,600 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On United-Guardian

An institutional investor recently raised its position in United-Guardian stock. Rodgers Brothers Inc. boosted its holdings in United-Guardian, Inc. (NASDAQ:UG) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,100 shares of the company’s stock after acquiring an additional 4,750 shares during the quarter. Rodgers Brothers Inc. owned about 2.18% of United-Guardian worth $766,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 23.16% of the company’s stock.

Analysts Set New Price Targets

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

United-Guardian Stock Performance

Shares of UG stock traded up $0.14 during mid-day trading on Friday, reaching $10.60. 2,475 shares of the company were exchanged, compared to its average volume of 9,986. United-Guardian has a fifty-two week low of $5.79 and a fifty-two week high of $12.50. The company has a market capitalization of $48.01 million, a P/E ratio of 17.43 and a beta of 0.80. The business’s 50 day simple moving average is $9.61 and its 200 day simple moving average is $8.60.

United-Guardian (NASDAQ:UG) last released its quarterly earnings data on Friday, May 10th. The company reported $0.20 EPS for the quarter. The firm had revenue of $3.26 million during the quarter. United-Guardian had a net margin of 23.77% and a return on equity of 25.18%.

United-Guardian Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd will be paid a dividend of $0.35 per share. This is a boost from United-Guardian’s previous Semi-Annual dividend of $0.10. This represents a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, July 23rd. United-Guardian’s payout ratio is currently 116.67%.

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.