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

United Homes Group, Inc. (NASDAQ:UHG) was the target of a significant 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. Approximately 2.4% of the company’s stock are sold short. Based on an average trading volume of 34,700 shares, the short-interest ratio is currently 2.7 days.

Institutional Investors Weigh In On United Homes Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of United Homes Group by 260.8% in the 3rd quarter. Barclays PLC now owns 7,500 shares of the company’s stock valued at $46,000 after acquiring an additional 5,421 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of United Homes Group during the 3rd quarter worth about $97,000. Boston Partners boosted its holdings 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 worth $2,077,000 after buying an additional 26,441 shares during the period. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of United Homes Group during the 3rd quarter worth about $298,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.

United Homes Group Trading Up 0.2 %

Shares of NASDAQ:UHG opened at $6.12 on Thursday. The company has a quick ratio of 1.58, a current ratio of 6.62 and a debt-to-equity ratio of 7.16. United Homes Group has a 12 month low of $5.09 and a 12 month high of $9.48. The company’s fifty day simple moving average is $5.92 and its 200 day simple moving average is $5.92. The firm has a market cap of $296.27 million, a price-to-earnings ratio of -10.59 and a beta of 0.61.

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.