Safe and Green Development Co. (NASDAQ:SGD) Sees Significant Increase in Short Interest

Posted by Mickey Rousseau on Mar 29th, 2024

Safe and Green Development Co. (NASDAQ:SGD – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 308,800 shares, an increase of 719.1% from the February 29th total of 37,700 shares. Approximately 12.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,250,000 shares, the days-to-cover ratio is presently 0.1 days.

Safe and Green Development Stock Down 4.5 %

NASDAQ SGD traded down $0.04 during trading on Friday, reaching $0.84. 84,286 shares of the company’s stock were exchanged, compared to its average volume of 4,429,680. The firm’s 50 day simple moving average is $0.86. Safe and Green Development has a fifty-two week low of $0.38 and a fifty-two week high of $10.46.

About Safe and Green Development

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Safe and Green Development Corporation operates as a real estate development company. It focuses on building single or 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.