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

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

UTG Trading Up 1.3%

Shares of OTCMKTS UTGN opened at $59.75 on Wednesday. The company has a market capitalization of $187.02 million, a price-to-earnings ratio of 5.26 and a beta of 0.09. UTG has a twelve month low of $43.05 and a twelve month high of $65.73. The business has a 50 day simple moving average of $57.59 and a 200-day simple moving average of $55.97.

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

UTG Company Profile

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.