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

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

Safe and Green Development Stock Down 4.5 %

Shares of NASDAQ:SGD traded down $0.04 on Friday, hitting $0.84. The company had a trading volume of 84,286 shares, compared to its average volume of 4,429,680. Safe and Green Development has a 52-week low of $0.38 and a 52-week high of $10.46. The business has a 50 day moving average of $0.86.

Safe and Green Development Company Profile

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.