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

Safe and Green Development Co. (NASDAQ:SGD) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 84,100 shares, a decline of 51.6% from the October 31st total of 173,800 shares. Approximately 16.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 489,200 shares, the days-to-cover ratio is presently 0.2 days.

Safe and Green Development Stock Up 5.6 %

Shares of SGD stock opened at $2.25 on Thursday. The stock has a 50 day simple moving average of $3.68 and a 200-day simple moving average of $6.21. Safe and Green Development has a 1-year low of $1.45 and a 1-year high of $61.60.

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.