Short Interest in United Homes Group, Inc. (NASDAQ:UHG) Decreases By 43.1%

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 52,900 shares, a drop of 43.1% from the November 15th total of 93,000 shares. Based on an average trading volume of 48,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.3% of the shares of the stock are sold short.

United Homes Group Price Performance

United Homes Group stock traded up $0.01 during mid-day trading on Thursday, reaching $4.42. The company had a trading volume of 58,478 shares, compared to its average volume of 29,101. The business has a fifty day simple moving average of $5.80 and a 200 day simple moving average of $5.89. The company has a market cap of $213.97 million, a P/E ratio of -7.49 and a beta of 0.68. 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 fifty-two week low of $4.05 and a fifty-two week high of $9.48.

Institutional Investors Weigh In On United Homes Group

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its position in United Homes Group by 260.8% during the 3rd quarter. Barclays PLC now owns 7,500 shares of the company's stock worth $46,000 after purchasing an additional 5,421 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of United Homes Group in the third quarter valued at about $97,000. Finally, Stoneridge Investment Partners LLC bought a new position in shares of United Homes Group during the third quarter worth about $298,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.

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.