Short Interest in United Homes Group, Inc. (NASDAQ:UHG) Rises By 77.3%

Key Points

• Short interest in United Homes Group, Inc. surged by 77.3% in July, reaching 161,300 shares, which is approximately 2.1% of the company's stock.
• Key insiders, including major shareholder Patrick Michael Nieri and VP Pennington W. Nieri, significantly increased their holdings by purchasing over 66,000 shares at $2.00 each, enhancing their positions by approximately 20%.
• In institutional trading, hedge funds have been active, with notable increases in holdings, such as Dendur Capital boosting its position by 759.5% in the fourth quarter.

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 161,300 shares, agrowthof77.3% from the July 15th total of 91,000 shares. Approximately2.1% of the company's stock are short sold. Based on an average trading volume of 332,100 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 332,100 shares, the short-interest ratio is currently 0.5 days. Approximately2.1% of the company's stock are short sold.

Insider Buying and Selling at United Homes Group

In related news, major shareholder Patrick Michael Nieri purchased 33,330 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $2.00 per share, with a total value of $66,660.00. Following the completion of the acquisition, the insider directly owned 197,801 shares of the company's stock, valued at approximately $395,602. The trade was a 20.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Pennington W. Nieri bought 33,340 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $2.00 per share, for a total transaction of $66,680.00. Following the completion of the acquisition, the vice president directly owned 197,860 shares of the company's stock, valued at $395,720. This trade represents a 20.27% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 228,981 shares of company stock worth $453,585 over the last ninety days. 72.30% of the stock is currently owned by corporate insiders.

Institutional Trading of United Homes Group

A number of hedge funds have recently made changes to their positions in UHG. JPMorgan Chase & Co. grew its holdings in United Homes Group by 116.9% during the fourth quarter. JPMorgan Chase & Co. now owns 19,521 shares of the company's stock valued at $83,000 after purchasing an additional 10,523 shares during the last quarter. Dendur Capital LP lifted its position in United Homes Group by 759.5% in the fourth quarter. Dendur Capital LP now owns 1,199,889 shares of the company's stock worth $5,076,000 after purchasing an additional 1,060,279 shares during the period. Ghisallo Capital Management LLC bought a new position in United Homes Group in the fourth quarter worth $385,000. Northern Trust Corp lifted its position in United Homes Group by 7.3% in the fourth quarter. Northern Trust Corp now owns 54,357 shares of the company's stock worth $230,000 after purchasing an additional 3,720 shares during the period. Finally, Anson Funds Management LP bought a new position in United Homes Group in the fourth quarter worth $6,345,000. 88.85% of the stock is owned by hedge funds and other institutional investors.

United Homes Group Price Performance

Shares of NASDAQ UHG opened at $3.87 on Monday. United Homes Group has a twelve month low of $1.60 and a twelve month high of $6.93. The company has a current ratio of 5.41, a quick ratio of 1.64 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $226.79 million, a price-to-earnings ratio of 64.50 and a beta of 1.22. The firm has a 50-day moving average of $3.58 and a two-hundred day moving average of $3.17.

United Homes Group (NASDAQ:UHG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) EPS for the quarter. United Homes Group had a net margin of 1.16% and a return on equity of 6.91%. The firm had revenue of $105.51 million for the quarter.

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.

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