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

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

United Homes Group Stock Performance

Shares of NASDAQ:UHG traded down $0.18 during midday trading on Thursday, reaching $3.42. The company had a trading volume of 196,558 shares, compared to its average volume of 95,915. The stock has a market cap of $200.42 million, a P/E ratio of -5.80 and a beta of 0.97. The company's 50 day moving average price is $2.30 and its 200 day moving average price is $3.63. The company has a current ratio of 6.62, a quick ratio of 1.58 and a debt-to-equity ratio of 7.16. United Homes Group has a 52-week low of $1.60 and a 52-week high of $7.80.

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

Insiders Place Their Bets

In other United Homes Group news, VP Pennington W. Nieri acquired 50,000 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were acquired at an average price of $1.95 per share, with a total value of $97,500.00. Following the completion of the transaction, the vice president 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Patrick Michael Nieri acquired 31,151 shares of United Homes Group stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $2.01 per share, with a total value of $62,613.51. Following the purchase, the insider now directly owns 164,471 shares in the company, valued at approximately $330,586.71. This trade represents a 23.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 228,981 shares of company stock valued at $453,585 in the last 90 days. 72.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Homes Group

Several large investors have recently modified their holdings of the business. AQR Capital Management LLC purchased a new stake in shares of United Homes Group during the 1st quarter valued at approximately $34,000. Wolverine Asset Management LLC lifted 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 worth $43,000 after buying an additional 6,285 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of United Homes Group by 189.0% in the third quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company's stock valued at $55,000 after acquiring an additional 5,884 shares during the period. Charles Schwab Investment Management Inc. grew its stake in United Homes Group by 34.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 23,396 shares of the company's stock valued at $66,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in United Homes Group by 432.0% during the 4th 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.

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.