Safe and Green Development Co. (NASDAQ:SGD) Sees Large Drop in Short Interest

Safe and Green Development Co. (NASDAQ:SGD) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 112,300 shares, a decline of 15.0% from the March 15th total of 132,100 shares. Based on an average daily volume of 275,200 shares, the short-interest ratio is presently 0.4 days. Approximately 7.7% of the shares of the company are sold short.

Safe and Green Development Stock Performance

SGD opened at $1.15 on Monday. Safe and Green Development has a fifty-two week low of $0.98 and a fifty-two week high of $18.53. The firm has a 50-day moving average of $1.30 and a 200 day moving average of $2.11.

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.