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

United-Guardian, Inc. (NASDAQ:UG) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 10,200 shares, a decrease of 48.5% from the October 31st total of 19,800 shares. Based on an average daily volume of 19,600 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the stock are short sold.

United-Guardian Stock Performance

NASDAQ:UG traded up $0.29 on Friday, hitting $9.84. 7,082 shares of the stock were exchanged, compared to its average volume of 13,148. United-Guardian has a 52 week low of $6.75 and a 52 week high of $16.25. The company’s 50-day moving average price is $12.75 and its 200 day moving average price is $11.60.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC acquired a new stake in shares of United-Guardian during the third quarter worth $126,000. Geode Capital Management LLC boosted its holdings in United-Guardian by 8.3% during the third quarter. Geode Capital Management LLC now owns 28,335 shares of the company’s stock worth $450,000 after buying an additional 2,170 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of 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 buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 23.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on United-Guardian in a research note on Monday, August 26th. They issued a “buy” rating for the company.

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.