Safe and Green Development Co. (NASDAQ:SGD) Short Interest Up 199.3% in January

Safe and Green Development Co. (NASDAQ:SGD) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 225,100 shares, an increase of 199.3% from the January 15th total of 75,200 shares. Approximately 20.8% of the company’s stock are sold short. Based on an average daily volume of 317,600 shares, the short-interest ratio is presently 0.7 days.

Safe and Green Development Stock Performance

Safe and Green Development stock traded up $0.08 during midday trading on Thursday, reaching $1.43. The stock had a trading volume of 97,979 shares, compared to its average volume of 548,157. The company has a fifty day moving average price of $2.09 and a two-hundred day moving average price of $3.53. Safe and Green Development has a 12 month low of $1.33 and a 12 month 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.