United Tennessee Bankshares, Inc. (OTCMKTS:UNTN) Sees Large Growth in Short Interest

United Tennessee Bankshares, Inc. (OTCMKTS:UNTN) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 300 shares, a growth of 200.0% from the November 30th total of 100 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 0.8 days.

United Tennessee Bankshares Stock Up 0.3 %

UNTN opened at $16.30 on Friday. The stock has a market capitalization of $12.06 million, a price-to-earnings ratio of 9.11 and a beta of 0.20. United Tennessee Bankshares has a twelve month low of $15.68 and a twelve month high of $18.92. The company has a 50-day simple moving average of $16.28 and a 200 day simple moving average of $16.69.

United Tennessee Bankshares (OTCMKTS:UNTN) last released its earnings results on Tuesday, October 15th. The company reported $0.44 earnings per share for the quarter. The business had revenue of $1.65 million for the quarter.

About United Tennessee Bankshares

United Tennessee Bankshares, Inc operates as the holding company for Newport Federal Bank that provides various financial services to individuals and corporate customers. The company accepts interest-bearing checking, savings, NOW, passbook savings, money market, and individual retirement accounts, as well as certificates of deposit.