United-Guardian, Inc. (NASDAQ:UG) Short Interest Down 33.0% in August

United-Guardian, Inc. (NASDAQ:UG) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 5,900 shares, a drop of 33.0% from the July 31st total of 8,800 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 2,700 shares, the short-interest ratio is presently 2.2 days.

Several institutional investors and hedge funds have recently modified their holdings of UG. Morgan Stanley increased its holdings in shares of United-Guardian by 216.1% in the 2nd quarter. Morgan Stanley now owns 9,707 shares of the company’s stock valued at $182,000 after acquiring an additional 6,636 shares during the last quarter. BlackRock Inc. raised its position in shares of United-Guardian by 8.7% during the 2nd quarter. BlackRock Inc. now owns 25,397 shares of the company’s stock valued at $478,000 after acquiring an additional 2,039 shares in the last quarter. Renaissance Technologies LLC lifted its stake in United-Guardian by 2.3% during the second quarter. Renaissance Technologies LLC now owns 262,800 shares of the company’s stock worth $4,941,000 after purchasing an additional 5,800 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in United-Guardian during the first quarter worth $78,000. Institutional investors own 26.18% of the company’s stock.

NASDAQ:UG traded up $0.20 during trading hours on Wednesday, reaching $19.37. 2,419 shares of the stock were exchanged, compared to its average volume of 3,594. The firm has a 50 day simple moving average of $19.39 and a 200-day simple moving average of $19.40. United-Guardian has a 52 week low of $15.51 and a 52 week high of $20.81. The stock has a market capitalization of $87.19 million, a P/E ratio of 20.88 and a beta of -0.27.

Separately, ValuEngine downgraded United-Guardian from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

United-Guardian Company Profile

United-Guardian, Inc manufactures and markets cosmetic ingredients, personal care products, pharmaceuticals, medical lubricants, healthcare products, and specialty industrial products in the United States and internationally. It offers personal care products, including LUBRAJEL line of water-based moisturizing and lubricating gel formulations; LUBRAJEL II XD; ORCHID COMPLEX, an oil-soluble base for skin creams, lotions, cleansers, and other cosmetics; LUBRASLIDE and B-122 powdered lubricants for use in the manufacture of pressed powders, eyeliners, and rouges; KLENSOFT, a surfactant for use in shampoos, shower gels, makeup removers, and other cosmetic formulations; and LUBRASIL, a special form of LUBRAJEL in which silicone oil is incorporated into a LUBRAJEL base.

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