United Homes Group, Inc. (NASDAQ:UHG) Short Interest Down 58.1% in November

United Homes Group, Inc. (NASDAQ:UHG) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 93,000 shares, a drop of 58.1% from the October 31st total of 221,900 shares. Based on an average trading volume of 34,700 shares, the short-interest ratio is presently 2.7 days. Currently, 2.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Boston Partners boosted its holdings in shares of United Homes Group by 9.8% in the 1st quarter. Boston Partners now owns 297,069 shares of the company’s stock valued at $2,077,000 after buying an additional 26,441 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in United Homes Group during the third quarter worth about $298,000. Y Intercept Hong Kong Ltd bought a new position in United Homes Group in the third quarter worth about $97,000. Finally, Barclays PLC boosted its stake in United Homes Group by 260.8% in the third quarter. Barclays PLC now owns 7,500 shares of the company’s stock valued at $46,000 after acquiring an additional 5,421 shares during the period. Institutional investors and hedge funds own 88.85% of the company’s stock.

United Homes Group Stock Up 4.2 %

NASDAQ:UHG traded up $0.26 during mid-day trading on Friday, reaching $6.38. The stock had a trading volume of 12,839 shares, compared to its average volume of 25,690. The stock’s 50 day simple moving average is $5.94 and its two-hundred day simple moving average is $5.93. United Homes Group has a 1-year low of $5.09 and a 1-year high of $9.48. The company has a market capitalization of $308.86 million, a price-to-earnings ratio of -10.81 and a beta of 0.61. The company has a debt-to-equity ratio of 7.16, a current ratio of 6.62 and a quick ratio of 1.58.

About United Homes Group

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.