United Homes Group, Inc. (NASDAQ:UHG) Short Interest Up 41.9% in February

United Homes Group, Inc. (NASDAQ:UHG) saw a large growth in short interest during the month of 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. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 64,300 shares, the short-interest ratio is presently 1.1 days.

Insider Activity

In other United Homes Group news, CEO James M. Pirrello purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $5.00 per share, for a total transaction of $250,000.00. Following the acquisition, the chief executive officer now owns 50,000 shares in the company, valued at approximately $250,000. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Simanovsky sold 3,246,275 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $4.75, for a total value of $15,419,806.25. Following the completion of the sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 65,000 shares of company stock worth $318,350. Insiders own 85.30% of the company’s stock.

Hedge Funds Weigh In On United Homes Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stoneridge Investment Partners LLC purchased a new position in shares of United Homes Group during the third quarter valued at about $298,000. Y Intercept Hong Kong Ltd bought a new position in United Homes Group during the third quarter valued at approximately $97,000. Barclays PLC raised its position in United Homes Group by 260.8% in the third quarter. Barclays PLC now owns 7,500 shares of the company’s stock worth $46,000 after acquiring an additional 5,421 shares during the period. JPMorgan Chase & Co. raised its position 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 purchasing an additional 5,884 shares during the period. Finally, Rhumbline Advisers raised its position in shares of United Homes Group by 432.0% during the 4th quarter. Rhumbline Advisers now owns 26,596 shares of the company’s stock valued at $112,000 after purchasing an additional 21,597 shares during the period. 88.85% of the stock is owned by institutional investors.

United Homes Group Price Performance

Shares of UHG traded up $0.35 during mid-day trading on Wednesday, reaching $3.67. 25,601 shares of the stock traded hands, compared to its average volume of 37,561. The firm has a fifty day moving average price of $4.13 and a 200 day moving average price of $5.15. The company has a market cap of $177.71 million, a price-to-earnings ratio of -6.13 and a beta of 0.79. The company has a current ratio of 6.62, a quick ratio of 1.58 and a debt-to-equity ratio of 7.16. United Homes Group has a 1 year low of $3.24 and a 1 year 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.