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

Safe and Green Development Co. (NASDAQ:SGD) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 173,800 shares, a growth of 74.1% from the October 15th total of 99,800 shares. Based on an average daily trading volume, of 506,500 shares, the short-interest ratio is presently 0.3 days. Currently, 33.1% of the shares of the stock are short sold.

Safe and Green Development Stock Down 0.9 %

Shares of SGD traded down $0.03 during midday trading on Wednesday, hitting $3.44. 33,422 shares of the company traded hands, compared to its average volume of 247,914. The firm has a 50 day moving average of $4.35 and a 200-day moving average of $6.98. Safe and Green Development has a 52 week low of $2.66 and a 52 week high of $168.40.

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.