United Homes Group, Inc. (NASDAQ:UHG) Sees Significant Decline in Short Interest

United Homes Group, Inc. (NASDAQ:UHG) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 49,200 shares, a drop of 21.4% from the January 15th total of 62,600 shares. Based on an average trading volume of 61,800 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, Director Michael Simanovsky sold 3,246,275 shares of the 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 sale, the director now directly owns 1,775,725 shares of the company’s stock, valued at approximately $8,434,693.75. This represents a 64.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Ray Shelton Twine III bought 10,000 shares of the firm’s stock in a transaction 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 completion of the acquisition, the chief operating officer now owns 196,736 shares in the company, valued at approximately $895,148.80. This trade represents a 5.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 65,000 shares of company stock worth $318,350 over the last three months. Insiders own 85.30% of the company’s stock.

Institutional Investors Weigh In On United Homes Group

Hedge funds have recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of United Homes Group by 7.3% during the fourth quarter. Northern Trust Corp now owns 54,357 shares of the company’s stock valued at $230,000 after purchasing an additional 3,720 shares in the last quarter. Barclays PLC boosted its position in United Homes Group by 260.8% during the 3rd quarter. Barclays PLC now owns 7,500 shares of the company’s stock worth $46,000 after buying an additional 5,421 shares during the period. JPMorgan Chase & Co. grew its holdings in United Homes Group by 189.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company’s stock worth $55,000 after acquiring an additional 5,884 shares during the last quarter. Wolverine Asset Management LLC increased its position in United Homes Group by 157.9% in the 4th 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 period. Finally, Stoneridge Investment Partners LLC lifted its holdings in shares of United Homes Group by 16.8% during the fourth quarter. Stoneridge Investment Partners LLC now owns 56,776 shares of the company’s stock worth $240,000 after purchasing an additional 8,187 shares during the period. Institutional investors and hedge funds own 88.85% of the company’s stock.

United Homes Group Price Performance

Shares of UHG traded down $0.15 during mid-day trading on Friday, reaching $4.09. The company had a trading volume of 51,302 shares, compared to its average volume of 75,663. The company’s 50 day simple moving average is $4.26 and its 200 day simple moving average is $5.34. The company has a market capitalization of $198.00 million, a price-to-earnings ratio of -6.93 and a beta of 0.79. United Homes Group has a 1-year low of $3.77 and a 1-year high of $7.80. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.58 and a current ratio of 6.62.

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.