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

United Homes Group, Inc. (NASDAQ:UHG) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 154,100 shares, a growth of 98.6% from the March 15th total of 77,600 shares. Based on an average daily volume of 73,800 shares, the short-interest ratio is currently 2.1 days. Approximately 1.3% of the company’s stock are sold short.

Institutional Investors Weigh In On United Homes Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Polar Asset Management Partners Inc. bought a new stake in shares of United Homes Group in the 4th quarter worth $423,000. Seven Grand Managers LLC bought a new stake in United Homes Group in the 4th quarter worth about $180,000. Millennium Management LLC raised its position in United Homes Group by 42.3% in the 4th quarter. Millennium Management LLC now owns 37,994 shares of the company’s stock worth $161,000 after buying an additional 11,289 shares during the last quarter. Conversant Capital LLC raised its position in United Homes Group by 228.1% in the 4th quarter. Conversant Capital LLC now owns 1,755,726 shares of the company’s stock worth $7,427,000 after buying an additional 1,220,553 shares during the last quarter. Finally, Anson Funds Management LP bought a new position in United Homes Group during the 4th quarter valued at about $6,345,000. Institutional investors own 88.85% of the company’s stock.

United Homes Group Stock Down 3.2 %

Shares of UHG traded down $0.07 during mid-day trading on Friday, reaching $2.09. The company had a trading volume of 147,604 shares, compared to its average volume of 47,822. United Homes Group has a 52 week low of $1.98 and a 52 week high of $7.80. 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 company has a market capitalization of $122.48 million, a price-to-earnings ratio of -3.54 and a beta of 0.93. The firm has a 50-day moving average price of $3.29 and a 200 day moving average price of $4.50.

United Homes Group (NASDAQ:UHG) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $134.81 million during the quarter. United Homes Group had a positive return on equity of 1,250.34% and a negative net margin of 4.58%.

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.