Safe and Green Development Co. (NASDAQ:SGD) Sees Large Drop in Short Interest

Safe and Green Development Co. (NASDAQ:SGD) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 92,100 shares, a decrease of 27.3% from the November 30th total of 126,700 shares. Currently, 8.5% of the company’s shares are short sold. Based on an average trading volume of 519,100 shares, the days-to-cover ratio is presently 0.2 days.

Safe and Green Development Stock Performance

Shares of Safe and Green Development stock traded down $0.06 during trading on Friday, reaching $2.73. 68,187 shares of the stock were exchanged, compared to its average volume of 233,732. Safe and Green Development has a 1 year low of $1.45 and a 1 year high of $53.80. The stock’s fifty day moving average is $2.65 and its 200 day moving average is $4.95.

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.