Short Interest in United Homes Group, Inc. (NASDAQ:UHG) Grows By 98.6%

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 154,100 shares, a growth of 98.6% from the March 15th total of 77,600 shares. Approximately 1.3% of the company's shares are short sold. Based on an average daily volume of 73,800 shares, the days-to-cover ratio is currently 2.1 days.

United Homes Group Trading Up 4.3 %

Shares of UHG traded up $0.09 on Monday, reaching $2.18. 17,947 shares of the company's stock were exchanged, compared to its average volume of 47,909. United Homes Group has a 12 month low of $1.98 and a 12 month high of $7.80. The stock has a market capitalization of $127.75 million, a P/E ratio of -3.69 and a beta of 0.93. The company has a current ratio of 6.62, a quick ratio of 1.58 and a debt-to-equity ratio of 7.16. The business has a 50 day moving average price of $3.24 and a two-hundred day moving average price of $4.44.

United Homes Group (NASDAQ:UHG - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $0.16 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 business had revenue of $134.81 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Fidelity National Financial Inc. acquired a new position in shares of United Homes Group in the 4th quarter valued at $11,844,000. Conversant Capital LLC grew its stake in United Homes Group by 228.1% in the fourth quarter. Conversant Capital LLC now owns 1,755,726 shares of the company's stock valued at $7,427,000 after acquiring an additional 1,220,553 shares during the period. Anson Funds Management LP bought a new stake in shares of United Homes Group in the fourth quarter worth about $6,345,000. Dendur Capital LP raised its position 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 purchasing an additional 1,060,279 shares during the period. Finally, Boston Partners lifted its holdings in shares of United Homes Group by 127.6% during 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. Institutional investors and hedge funds 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.