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

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

Safe and Green Development Stock Down 5.1 %

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

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.