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 the month of 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. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 61,800 shares, the short-interest ratio is currently 0.8 days.

Insider Transactions at United Homes Group

In other news, CEO James M. Pirrello bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $5.00 per share, with a total value of $250,000.00. Following the transaction, the chief executive officer now owns 50,000 shares of the company’s stock, valued at $250,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Ray Shelton Twine III purchased 10,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $4.55 per share, with a total value of $45,500.00. Following the completion of the purchase, the chief operating officer now directly owns 196,736 shares of the company’s stock, valued at $895,148.80. The trade was a 5.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 65,000 shares of company stock worth $318,350 in the last three months. Company insiders own 85.30% of the company’s stock.

Institutional Investors Weigh In On United Homes Group

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

United Homes Group Price Performance

UHG opened at $4.24 on Friday. United Homes Group has a 52-week low of $3.77 and a 52-week high of $7.80. The company has a market cap of $205.26 million, a P/E ratio of -7.19 and a beta of 0.79. The company has a quick ratio of 1.58, a current ratio of 6.62 and a debt-to-equity ratio of 7.16. The company has a 50 day moving average of $4.28 and a two-hundred day moving average of $5.35.

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.