United Homes Group, Inc. (NASDAQ:UHG) Short Interest Update

United Homes Group, Inc. (NASDAQ:UHG) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 49,200 shares, a decrease of 21.4% from the January 15th total of 62,600 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 61,800 shares, the days-to-cover ratio is presently 0.8 days.

United Homes Group Trading Down 3.5 %

Shares of NASDAQ UHG opened at $4.09 on Friday. The business has a fifty day moving average price of $4.26 and a 200 day moving average price of $5.33. The company has a debt-to-equity ratio of 7.16, a current ratio of 6.62 and a quick ratio of 1.58. United Homes Group has a 1-year low of $3.77 and a 1-year high of $7.80. The stock has a market capitalization of $198.00 million, a P/E ratio of -6.93 and a beta of 0.79.

Insider Transactions at United Homes Group

In related news, COO Ray Shelton Twine III acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $4.55 per share, for a total transaction of $45,500.00. Following the purchase, the chief operating officer now directly owns 196,736 shares of the company’s stock, valued at $895,148.80. This trade represents a 5.36 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Simanovsky sold 3,246,275 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $4.75, for a total value of $15,419,806.25. Following the sale, the director now owns 1,775,725 shares of the company’s stock, valued at $8,434,693.75. This trade represents a 64.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 65,000 shares of company stock valued at $318,350. 85.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United Homes Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fidelity National Financial Inc. purchased a new stake in United Homes Group in the fourth quarter valued at about $11,844,000. Dendur Capital LP increased its holdings in shares of United Homes Group by 759.5% in the fourth quarter. Dendur Capital LP now owns 1,199,889 shares of the company’s stock valued at $5,076,000 after purchasing an additional 1,060,279 shares during the period. Boston Partners increased its holdings in shares of United Homes Group by 127.6% in the fourth quarter. Boston Partners now owns 600,217 shares of the company’s stock valued at $2,539,000 after purchasing an additional 336,460 shares during the period. Ghisallo Capital Management LLC acquired a new position in shares of United Homes Group in the fourth quarter valued at about $385,000. Finally, Stoneridge Investment Partners LLC increased its holdings in shares of United Homes Group by 16.8% in the fourth quarter. Stoneridge Investment Partners LLC now owns 56,776 shares of the company’s stock valued at $240,000 after purchasing an additional 8,187 shares during the period. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

United Homes Group Company Profile

United Homes Group, Inc, a homebuilding company, engages in the design, building, and sale of homes in South Carolina, North Carolina, and Georgia. It provides detached single-family houses, as well as attached single-family houses, including duplex and town houses for entry-level buyers, first time move-ups, second time move-ups, third time move-ups, and custom builds.