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

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) was the target of a significant growth in short interest in the month of 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. Based on an average trading volume of 64,300 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the shares of the company are sold short.

United Homes Group Price Performance

UHG traded down $0.25 on Thursday, hitting $3.61. 22,488 shares of the company's stock traded hands, compared to its average volume of 37,870. United Homes Group has a one year low of $3.24 and a one year high of $7.80. 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 firm has a market cap of $174.76 million, a price-to-earnings ratio of -6.12 and a beta of 0.79. The company's 50 day simple moving average is $4.12 and its 200-day simple moving average is $5.14.

Insiders Place Their Bets

In related news, COO Ray Shelton Twine III acquired 10,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $4.55 per share, with a total value of $45,500.00. Following the transaction, the chief operating officer now directly owns 196,736 shares in the company, valued at approximately $895,148.80. This represents a 5.36 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James M. Pirrello purchased 50,000 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $5.00 per share, with a total value of $250,000.00. Following the completion of the transaction, the chief executive officer now owns 50,000 shares of the company's stock, valued at approximately $250,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 65,000 shares of company stock worth $318,350. Company insiders own 85.30% of the company's stock.

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Hedge Funds Weigh In On United Homes Group

Several hedge funds have recently modified their holdings of UHG. Fidelity National Financial Inc. bought a new stake in United Homes Group in the 4th quarter valued at $11,844,000. Conversant Capital LLC grew its position in shares of United Homes Group by 228.1% during the fourth 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 bought a new stake in shares of United Homes Group in the fourth quarter worth about $6,345,000. Dendur Capital LP increased its holdings in shares of United Homes Group by 759.5% in 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 last quarter. Finally, Boston Partners lifted its position in shares of United Homes Group by 127.6% in the fourth quarter. Boston Partners now owns 600,217 shares of the company's stock worth $2,539,000 after buying 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 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.