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 in 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. Based on an average daily trading volume, of 64,300 shares, the short-interest ratio is presently 1.1 days. Approximately 0.6% of the shares of the stock are sold short.

Insider Transactions at United Homes Group

In related news, COO Ray Shelton Twine III bought 10,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $4.55 per share, with a total value of $45,500.00. Following the acquisition, the chief operating officer now owns 196,736 shares in the company, valued at approximately $895,148.80. This represents a 5.36 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Simanovsky sold 3,246,275 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $4.75, for a total value of $15,419,806.25. Following the sale, the director now owns 1,775,725 shares in the company, valued at approximately $8,434,693.75. This trade represents a 64.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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 Trading of United Homes Group

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

United Homes Group Trading Up 10.6 %

Shares of NASDAQ:UHG traded up $0.35 during midday trading on Wednesday, hitting $3.67. The company had a trading volume of 25,601 shares, compared to its average volume of 37,561. The stock has a market cap of $177.71 million, a price-to-earnings ratio of -6.13 and a beta of 0.79. United Homes Group has a 12 month low of $3.24 and a 12 month high of $7.80. 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 fifty day simple moving average of $4.13 and a 200 day simple moving average of $5.15.

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.