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

Safe and Green Development Co. (NASDAQ:SGD) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 126,700 shares, an increase of 50.7% from the November 15th total of 84,100 shares. Based on an average trading volume of 514,200 shares, the short-interest ratio is currently 0.2 days. Approximately 15.2% of the company’s stock are short sold.

Safe and Green Development Trading Down 5.1 %

Shares of SGD opened at $2.31 on Friday. The business’s fifty day moving average is $2.96 and its 200 day moving average is $5.60. Safe and Green Development has a 12-month low of $1.45 and a 12-month high of $53.80.

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.