Short Interest in United Homes Group, Inc. (NASDAQ:UHG) Declines By 58.1%

United Homes Group, Inc. (NASDAQ:UHG) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 93,000 shares, a drop of 58.1% from the October 31st total of 221,900 shares. Based on an average daily volume of 34,700 shares, the days-to-cover ratio is presently 2.7 days. Currently, 2.4% of the company’s shares are short sold.

Institutional Trading of United Homes Group

A number of hedge funds have recently made changes to their positions in the company. Boston Partners grew its stake in shares of United Homes Group by 9.8% during the first quarter. Boston Partners now owns 297,069 shares of the company’s stock valued at $2,077,000 after acquiring an additional 26,441 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in United Homes Group in the third quarter valued at about $298,000. Y Intercept Hong Kong Ltd acquired a new stake in United Homes Group during the 3rd quarter valued at approximately $97,000. Finally, Barclays PLC increased its holdings 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. Hedge funds and other institutional investors own 88.85% of the company’s stock.

United Homes Group Stock Up 4.2 %

Shares of NASDAQ:UHG traded up $0.26 during midday trading on Friday, hitting $6.38. 12,839 shares of the company’s stock traded hands, compared to its average volume of 25,690. United Homes Group has a twelve month low of $5.09 and a twelve month high of $9.48. The company has a market cap of $308.86 million, a PE ratio of -10.81 and a beta of 0.61. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.58 and a current ratio of 6.62. The firm’s fifty day moving average price is $5.94 and its two-hundred day moving average price is $5.93.

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.