United Homes Group, Inc. (NASDAQ:UHG) Short Interest Update

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 216,100 shares, a growth of 45.5% from the April 30th total of 148,500 shares. Based on an average trading volume of 195,500 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.8% of the shares of the stock are short sold.

United Homes Group Trading Up 7.2%

UHG traded up $0.26 during midday trading on Tuesday, hitting $3.89. 705,235 shares of the company were exchanged, compared to its average volume of 93,827. The firm has a market capitalization of $227.96 million, a P/E ratio of -6.59 and a beta of 0.97. The firm's 50 day moving average price is $2.28 and its 200-day moving average price is $3.63. The company has a quick ratio of 1.58, a current ratio of 6.62 and a debt-to-equity ratio of 7.16. United Homes Group has a 1-year low of $1.60 and a 1-year high of $7.80.

United Homes Group (NASDAQ:UHG - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter. United Homes Group had a positive return on equity of 1,250.34% and a negative net margin of 4.58%. The firm had revenue of $87.00 million during the quarter.

Insider Buying and Selling at United Homes Group

In other news, major shareholder Patrick Michael Nieri bought 50,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $1.95 per share, for a total transaction of $97,500.00. Following the acquisition, the insider now owns 50,000 shares in the company, valued at approximately $97,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Pennington W. Nieri acquired 33,340 shares of United Homes Group stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $2.00 per share, with a total value of $66,680.00. Following the completion of the purchase, the vice president now owns 197,860 shares in the company, valued at approximately $395,720. The trade was a 20.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 228,981 shares of company stock worth $453,585. 72.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United Homes Group

Institutional investors have recently made changes to their positions in the company. Fidelity National Financial Inc. bought a new position in shares of United Homes Group in the fourth quarter worth approximately $11,844,000. Anson Funds Management LP lifted its stake in shares of United Homes Group by 69.6% during the 1st quarter. Anson Funds Management LP now owns 2,543,922 shares of the company's stock worth $7,123,000 after purchasing an additional 1,043,922 shares during the last quarter. Conversant Capital LLC increased its position in shares of United Homes Group by 228.1% during the fourth quarter. Conversant Capital LLC now owns 1,755,726 shares of the company's stock worth $7,427,000 after purchasing an additional 1,220,553 shares in the last quarter. Dendur Capital LP grew its stake in shares of United Homes Group by 759.5% during the fourth quarter. Dendur Capital LP now owns 1,199,889 shares of the company's stock worth $5,076,000 after acquiring an additional 1,060,279 shares during the last quarter. Finally, Boston Partners grew its position in United Homes Group by 127.6% during the 4th quarter. Boston Partners now owns 600,217 shares of the company's stock worth $2,539,000 after purchasing an additional 336,460 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company's stock.

United Homes Group Company Profile

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.