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

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 93,000 shares, a decline of 58.1% from the October 31st total of 221,900 shares. Based on an average trading volume of 34,700 shares, the short-interest ratio is presently 2.7 days. Approximately 2.4% of the shares of the stock are sold short.

Institutional Trading of United Homes Group

A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in United Homes Group by 260.8% in the third 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 bought a new stake in shares of United Homes Group in the 3rd quarter worth about $97,000. Boston Partners raised its position in shares of United Homes Group by 9.8% during the 1st quarter. Boston Partners now owns 297,069 shares of the company's stock valued at $2,077,000 after buying an additional 26,441 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new position in shares of United Homes Group in the 3rd quarter valued at about $298,000. Institutional investors own 88.85% of the company's stock.

United Homes Group Price Performance

Shares of United Homes Group stock traded up $0.01 during trading on Thursday, reaching $6.12. 47,472 shares of the stock traded hands, compared to its average volume of 25,746. United Homes Group has a 52-week low of $5.09 and a 52-week high of $9.48. The company has a debt-to-equity ratio of 7.16, a current ratio of 6.62 and a quick ratio of 1.58. The business has a fifty day simple moving average of $5.92 and a two-hundred day simple moving average of $5.92. The company has a market capitalization of $296.27 million, a price-to-earnings ratio of -10.37 and a beta of 0.61.

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.