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

Safe and Green Development Co. (NASDAQ:SGD) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 127,700 shares, a decrease of 18.1% from the February 13th total of 156,000 shares. Currently, 11.8% of the shares of the stock are sold short. Based on an average daily volume of 278,300 shares, the short-interest ratio is presently 0.5 days.

Safe and Green Development Stock Performance

Shares of SGD opened at $1.35 on Thursday. The company has a 50-day moving average price of $1.53 and a two-hundred day moving average price of $2.79. Safe and Green Development has a 12 month low of $1.03 and a 12 month high of $19.45.

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.