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

Safe and Green Development Co. (NASDAQ:SGD) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 84,100 shares, a decrease of 51.6% from the October 31st total of 173,800 shares. Currently, 16.0% of the shares of the company are sold short. Based on an average trading volume of 489,200 shares, the short-interest ratio is currently 0.2 days.

Safe and Green Development Price Performance

NASDAQ SGD traded up $0.16 on Friday, hitting $2.41. The stock had a trading volume of 862,447 shares, compared to its average volume of 246,802. The company’s 50-day moving average is $3.56 and its two-hundred day moving average is $6.08. Safe and Green Development has a one year low of $1.45 and a one year high of $53.80.

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.