TPTK facing reraise OTF

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TPTK facing reraise OTF

Blinds: $0.05/$0.10 (6 Players) BN: $10.00
SB: $12.52
BB: $11.66 (Hero)
UTG: $9.85
MP: $23.00
CO: $10.08
Preflop ($0.15) Hero is BB with J A
UTG raises to $0.30, 4 folds, Hero raises to $1.00, UTG calls $0.70
Flop ($2.05) 3 7 J
Hero bets $1.10, UTG raises to $3.18, Hero calls $2.08
Would shipping be an option here?
Turn ($8.41) 3 7 J 4
Hero checks, UTG bets $4.01, Hero folds
Final Pot UTG wins $8.03
Rake is $0.38

Do you think this fold is too tight?

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