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

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

Safe and Green Development Stock Performance

NASDAQ:SGD traded down $0.06 during trading hours on Wednesday, reaching $1.35. The company had a trading volume of 63,445 shares, compared to its average volume of 564,092. The stock has a 50-day moving average of $2.11 and a two-hundred day moving average of $3.55. Safe and Green Development has a one year low of $1.33 and a one year high of $53.80.

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.