United-Guardian, Inc. (NASDAQ:UG) Sees Significant Growth in Short Interest

United-Guardian, Inc. (NASDAQ:UG) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 13,800 shares, an increase of 32.7% from the November 30th total of 10,400 shares. Based on an average daily trading volume, of 17,400 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.5% of the shares of the stock are short sold.

United-Guardian Price Performance

Shares of UG stock traded up $0.04 during midday trading on Friday, reaching $9.77. 25,635 shares of the company traded hands, compared to its average volume of 13,080. The firm’s 50 day simple moving average is $10.74 and its two-hundred day simple moving average is $11.73. The firm has a market cap of $44.84 million, a PE ratio of 12.86 and a beta of 0.75. United-Guardian has a 1-year low of $6.75 and a 1-year high of $16.25.

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

Hedge Funds Weigh In On United-Guardian

Several hedge funds have recently bought and sold shares of UG. Essex Investment Management Co. LLC purchased a new stake in shares of United-Guardian during the third quarter worth about $126,000. Geode Capital Management LLC raised its holdings in United-Guardian by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 28,335 shares of the company’s stock valued at $450,000 after acquiring an additional 2,170 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings 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 acquiring an additional 2,100 shares during the period. Hedge funds and other institutional investors own 23.16% of the company’s 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.