Short Interest in Safe and Green Development Co. (NASDAQ:SGD) Decreases By 18.1%

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

Safe and Green Development Stock Performance

Shares of NASDAQ:SGD traded down $0.04 on Tuesday, hitting $1.31. The company’s stock had a trading volume of 12,859 shares, compared to its average volume of 272,790. Safe and Green Development has a 1 year low of $1.03 and a 1 year high of $19.45. The company has a 50-day simple moving average of $1.56 and a 200 day simple moving average of $2.83.

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.