United Homes Group, Inc. (NASDAQ:UHG) Short Interest Up 98.6% in March

United Homes Group, Inc. (NASDAQ:UHG) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 154,100 shares, an increase of 98.6% from the March 15th total of 77,600 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily volume of 73,800 shares, the short-interest ratio is presently 2.1 days.

United Homes Group Stock Down 0.4 %

Shares of UHG opened at $2.34 on Wednesday. The firm has a fifty day moving average price of $3.37 and a 200-day moving average price of $4.54. 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 firm has a market capitalization of $137.13 million, a P/E ratio of -3.97 and a beta of 0.93. United Homes Group has a 12-month low of $2.13 and a 12-month high of $7.80.

United Homes Group (NASDAQ:UHG) last announced its quarterly earnings data on Wednesday, March 12th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $134.81 million during the quarter. United Homes Group had a negative net margin of 4.58% and a positive return on equity of 1,250.34%.

Institutional Trading of United Homes Group

A number of large investors have recently modified their holdings of the company. Barclays PLC increased its holdings 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 purchasing an additional 5,421 shares during the period. JPMorgan Chase & Co. increased its stake in shares of United Homes Group by 189.0% during the third 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 period. Wolverine Asset Management LLC raised its holdings in shares of 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 in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of United Homes Group in the third quarter valued at about $97,000. Finally, Rhumbline Advisers lifted its stake in 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 acquiring an additional 21,597 shares during the period. Hedge funds and other institutional investors own 88.85% of the company’s stock.

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.