Safe and Green Development Co. (NASDAQ:SGD) Sees Large Decline in Short Interest

Safe and Green Development Co. (NASDAQ:SGD) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 156,000 shares, a decrease of 30.7% from the January 31st total of 225,100 shares. Approximately 14.4% of the shares of the stock are sold short. Based on an average daily volume of 301,300 shares, the days-to-cover ratio is currently 0.5 days.

Safe and Green Development Stock Down 0.4 %

NASDAQ:SGD traded down $0.01 during mid-day trading on Tuesday, hitting $1.14. 50,368 shares of the company’s stock were exchanged, compared to its average volume of 287,942. Safe and Green Development has a fifty-two week low of $1.06 and a fifty-two week high of $53.80. The company has a 50 day simple moving average of $1.84 and a 200-day simple moving average of $3.15.

Safe and Green Development Company Profile

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.