United Homes Group, Inc. (NASDAQ:UHG) Sees Large Drop in Short Interest

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 49,200 shares, a drop of 21.4% from the January 15th total of 62,600 shares. Currently, 0.6% of the company's shares are short sold. Based on an average daily trading volume, of 61,800 shares, the short-interest ratio is presently 0.8 days.

Insider Transactions at United Homes Group

In other United Homes Group news, CEO James M. Pirrello acquired 50,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $5.00 per share, with a total value of $250,000.00. Following the transaction, the chief executive officer now owns 50,000 shares of the company's stock, valued at $250,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Ray Shelton Twine III bought 10,000 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was bought at an average cost 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 $895,148.80. The trade was a 5.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 65,000 shares of company stock worth $318,350 in the last 90 days. Insiders own 85.30% of the company's stock.

Institutional Investors Weigh In On United Homes Group

A number of institutional investors have recently modified their holdings of the company. Fidelity National Financial Inc. purchased a new stake in United Homes Group during the 4th quarter worth approximately $11,844,000. Anson Funds Management LP purchased a new stake in shares of United Homes Group during the fourth quarter worth $6,345,000. Conversant Capital LLC raised its stake in shares of 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 in the last quarter. Dendur Capital LP boosted its holdings in United Homes Group by 759.5% in the fourth 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 during the period. Finally, Boston Partners grew its stake in United Homes Group by 127.6% during the 4th quarter. Boston Partners now owns 600,217 shares of the company's stock worth $2,539,000 after purchasing an additional 336,460 shares in the last quarter. 88.85% of the stock is owned by institutional investors and hedge funds.

United Homes Group Trading Up 2.9 %

United Homes Group stock traded up $0.12 during trading on Tuesday, hitting $4.21. The company had a trading volume of 27,249 shares, compared to its average volume of 63,618. The stock has a market cap of $203.81 million, a price-to-earnings ratio of -7.14 and a beta of 0.79. 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 1-year low of $3.77 and a 1-year high of $7.80. The company's 50 day simple moving average is $4.26 and its 200-day simple moving average is $5.30.

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.