United Homes Group (UHG) News Today

United Homes Group, Inc. (NASDAQ: UHG) is trading higher after significant insider buying activity.

• Major shareholder Patrick Michael Nieri acquired 50,000 shares at an average price of $1.95 on May 22, marking a fresh, sizeable commitment to the company.
• On May 23, Patrick Michael Nieri added 31,151 shares at $2.01 each, boosting his stake by 23.37%.
• On May 27, Patrick Michael Nieri purchased another 33,330 shares at $2.00 per share, further increasing his ownership by 20.26%.
• VP Pennington W. Nieri bought 50,000 shares at $1.95 on May 22, signaling strong insider confidence.
• On May 23, VP Pennington W. Nieri acquired 31,160 shares at $2.01, raising his position by 23.37%.
• On May 27, VP Pennington W. Nieri added 33,340 shares at $2.00 each, lifting his holdings by 20.27%.
• Short interest remains essentially zero as of May 27, indicating limited downward pressure from short sellers.
• An unrelated report on UnitedHealth’s Medicare Advantage challenges has little bearing on UHG’s residential housing focus.

Investors may interpret the heavy insider buying as a bullish endorsement of United Homes’ growth prospects, while minimal short interest suggests low speculative selling pressure.