Safe and Green Development Co. (NASDAQ:SGD) Short Interest Update

Safe and Green Development Co. (NASDAQ:SGD) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 225,100 shares, an increase of 199.3% from the January 15th total of 75,200 shares. Approximately 20.8% of the shares of the company are short sold. Based on an average daily volume of 317,600 shares, the short-interest ratio is currently 0.7 days.

Safe and Green Development Stock Performance

Shares of SGD traded down $0.06 on Wednesday, reaching $1.35. 63,445 shares of the stock traded hands, compared to its average volume of 564,092. Safe and Green Development has a 12 month low of $1.33 and a 12 month high of $53.80. The stock’s 50-day moving average price is $2.11 and its 200-day moving average price is $3.55.

About Safe and Green Development

Safe and Green Development Corporation operates as a real estate development company. It focuses on building single and multifamily projects. The company was formerly known as SGB Development Corp. and changed its name to Safe and Green Development Corporation in December 2022. The company was incorporated in 2021 and is based in Miami, Florida.