Short Interest in United Homes Group, Inc. (NASDAQ:UHG) Decreases By 43.1%

United Homes Group, Inc. (NASDAQ:UHG) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 52,900 shares, a decrease of 43.1% from the November 15th total of 93,000 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average trading volume of 48,000 shares, the short-interest ratio is presently 1.1 days.

Insider Activity at United Homes Group

In related news, CEO James M. Pirrello acquired 50,000 shares of the stock in a transaction that occurred 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 purchase, the chief executive officer now directly owns 50,000 shares in the company, valued at $250,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Ray Shelton Twine III bought 10,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $4.55 per share, for a total transaction of $45,500.00. Following the completion of the transaction, the chief operating officer now directly owns 196,736 shares of the company’s stock, valued at $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. In the last ninety days, insiders have bought 65,000 shares of company stock valued at $318,350. Corporate insiders own 85.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UHG. Barclays PLC grew its stake in shares of 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 purchasing an additional 5,421 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of United Homes Group during the third quarter valued at about $97,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in United Homes Group in the third quarter worth about $298,000. 88.85% of the stock is owned by institutional investors and hedge funds.

United Homes Group Stock Performance

Shares of United Homes Group stock traded up $0.04 during trading on Friday, hitting $4.46. 82,212 shares of the stock were exchanged, compared to its average volume of 29,288. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.58 and a current ratio of 6.62. United Homes Group has a 12 month low of $4.05 and a 12 month high of $9.48. The stock’s fifty day moving average is $5.77 and its 200 day moving average is $5.89. The stock has a market cap of $215.91 million, a PE ratio of -7.56 and a beta of 0.68.

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.