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

United Homes Group, Inc. (NASDAQ:UHG) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 69,800 shares, a growth of 41.9% from the January 31st total of 49,200 shares. Based on an average daily trading volume, of 64,300 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.6% of the company’s shares are sold short.

Insider Activity

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC lifted its position in United Homes Group by 157.9% in the fourth quarter. Wolverine Asset Management LLC now owns 10,265 shares of the company’s stock valued at $43,000 after acquiring an additional 6,285 shares during the last quarter. Barclays PLC increased its position in shares of United Homes Group by 260.8% during the third quarter. Barclays PLC now owns 7,500 shares of the company’s stock worth $46,000 after purchasing an additional 5,421 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of United Homes Group by 189.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company’s stock valued at $55,000 after purchasing an additional 5,884 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of United Homes Group in the 3rd quarter valued at about $97,000. Finally, Rhumbline Advisers grew its stake in United Homes Group by 432.0% during the 4th quarter. Rhumbline Advisers now owns 26,596 shares of the company’s stock worth $112,000 after buying an additional 21,597 shares during the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

United Homes Group Stock Down 3.6 %

UHG stock traded down $0.14 during trading on Monday, hitting $3.59. 1,463 shares of the company’s stock were exchanged, compared to its average volume of 37,362. The business has a 50-day moving average price of $4.17 and a two-hundred day moving average price of $5.19. The company has a current ratio of 6.62, a quick ratio of 1.58 and a debt-to-equity ratio of 7.16. The stock has a market capitalization of $173.55 million, a price-to-earnings ratio of -6.11 and a beta of 0.79. United Homes Group has a 52-week low of $3.54 and a 52-week high of $7.80.

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.