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

Safe and Green Development Co. (NASDAQ:SGD) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 127,700 shares, a drop of 18.1% from the February 13th total of 156,000 shares. Based on an average daily volume of 278,300 shares, the days-to-cover ratio is currently 0.5 days. Currently, 11.8% of the shares of the stock are short sold.

Safe and Green Development Price Performance

SGD stock opened at $1.30 on Wednesday. Safe and Green Development has a one year low of $1.03 and a one year high of $19.45. The company’s fifty day moving average price is $1.54 and its 200-day moving average price is $2.80.

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.