Short Interest in Safe and Green Development Co. (NASDAQ:SGD) Declines By 30.7%

Safe and Green Development Co. (NASDAQ:SGD) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 156,000 shares, a decline of 30.7% from the January 31st total of 225,100 shares. Currently, 14.4% of the shares of the company are short sold. Based on an average trading volume of 301,300 shares, the days-to-cover ratio is presently 0.5 days.

Safe and Green Development Stock Up 11.7 %

Shares of NASDAQ SGD traded up $0.13 on Wednesday, hitting $1.24. The company’s stock had a trading volume of 78,243 shares, compared to its average volume of 288,292. Safe and Green Development has a 12-month low of $1.03 and a 12-month high of $53.80. The stock has a 50 day moving average of $1.82 and a 200-day moving average of $3.12.

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.