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

United Homes Group, Inc. (NASDAQ:UHG) was the recipient of a significant decline in short interest in 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. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 34,700 shares, the short-interest ratio is presently 2.7 days.

United Homes Group Price Performance

Shares of UHG stock opened at $6.12 on Thursday. United Homes Group has a 1 year low of $5.09 and a 1 year high of $9.48. The firm’s 50 day moving average is $5.92 and its 200-day moving average is $5.92. The firm has a market capitalization of $296.27 million, a price-to-earnings ratio of -10.59 and a beta of 0.61. The company has a current ratio of 6.62, a quick ratio of 1.58 and a debt-to-equity ratio of 7.16.

Hedge Funds Weigh In On United Homes Group

Large investors have recently modified their holdings of the stock. Stoneridge Investment Partners LLC bought a new position in United Homes Group in the third quarter valued at approximately $298,000. Boston Partners raised its holdings in United Homes Group by 9.8% in the first quarter. Boston Partners now owns 297,069 shares of the company’s stock worth $2,077,000 after purchasing an additional 26,441 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in United Homes Group in the third quarter worth $97,000. Finally, Barclays PLC raised its holdings 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 period. 88.85% of the stock is currently owned by institutional investors and hedge funds.

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.