United Homes Group, Inc. (NASDAQ:UHG) Short Interest Up 41.9% in February

United Homes Group, Inc. (NASDAQ:UHG) was the target of a significant 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. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 64,300 shares, the short-interest ratio is presently 1.1 days.

Insider Transactions at United Homes Group

In related news, COO Ray Shelton Twine III purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $4.55 per share, for a total transaction of $45,500.00. Following the transaction, the chief operating officer now directly owns 196,736 shares of the company’s stock, valued at approximately $895,148.80. The trade was a 5.36 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Simanovsky sold 3,246,275 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $4.75, for a total value of $15,419,806.25. Following the completion of the transaction, the director now owns 1,775,725 shares in the company, valued at $8,434,693.75. This trade represents a 64.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 65,000 shares of company stock worth $318,350. Corporate insiders own 85.30% of the company’s stock.

Institutional Investors Weigh In On United Homes Group

A number of institutional investors have recently added to or reduced their stakes in the business. Fidelity National Financial Inc. purchased a new stake in United Homes Group in the 4th quarter valued at approximately $11,844,000. Conversant Capital LLC boosted its holdings in United Homes Group by 228.1% in the 4th quarter. Conversant Capital LLC now owns 1,755,726 shares of the company’s stock valued at $7,427,000 after purchasing an additional 1,220,553 shares in the last quarter. Anson Funds Management LP purchased a new stake in United Homes Group in the 4th quarter valued at approximately $6,345,000. Dendur Capital LP boosted its holdings in United Homes Group by 759.5% in the 4th quarter. Dendur Capital LP now owns 1,199,889 shares of the company’s stock valued at $5,076,000 after purchasing an additional 1,060,279 shares in the last quarter. Finally, Boston Partners boosted its holdings in United Homes Group by 127.6% in the 4th quarter. Boston Partners now owns 600,217 shares of the company’s stock valued at $2,539,000 after purchasing an additional 336,460 shares in the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.

United Homes Group Stock Performance

Shares of UHG stock opened at $3.35 on Tuesday. United Homes Group has a 52-week low of $3.35 and a 52-week high of $7.80. The stock’s 50-day moving average price is $4.15 and its 200 day moving average price is $5.17. The stock has a market capitalization of $162.17 million, a PE ratio of -5.68 and a beta of 0.79. The company has a quick ratio of 1.58, a current ratio of 6.62 and a debt-to-equity ratio of 7.16.

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.