Short Interest in Safe and Green Development Co. (NASDAQ:SGD) Expands By 50.7%

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

Safe and Green Development Stock Performance

NASDAQ:SGD traded down $0.05 during trading hours on Friday, reaching $2.26. The company’s stock had a trading volume of 14,634 shares, compared to its average volume of 153,955. Safe and Green Development has a 12 month low of $1.45 and a 12 month high of $53.80. The stock has a 50 day moving average price of $2.90 and a two-hundred day moving average price of $5.49.

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.