Safe & Green Holdings Corp. (NASDAQ:SGBX) Sees Significant Growth in Short Interest

Safe & Green Holdings Corp. (NASDAQ:SGBX) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 420,300 shares, an increase of 408.8% from the October 15th total of 82,600 shares. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 24.7% of the shares of the company are sold short.

Safe & Green Stock Performance

SGBX stock traded down $0.01 during mid-day trading on Tuesday, reaching $0.69. The company had a trading volume of 273,703 shares, compared to its average volume of 989,536. Safe & Green has a one year low of $0.66 and a one year high of $27.00. The stock’s 50-day simple moving average is $1.01 and its two-hundred day simple moving average is $2.11.

Safe & Green (NASDAQ:SGBX) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($2.73) earnings per share for the quarter. The company had revenue of $1.25 million for the quarter. Safe & Green had a negative net margin of 322.32% and a negative return on equity of 4,127.08%.

About Safe & Green

Safe & Green Holdings Corp. designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States. It redesigns, repurposes, and convert heavy-gauge steel cargo shipping containers into Safe & Green, which are green building blocks for construction.