Safe and Green Development Co. (NASDAQ:SGD) Short Interest Down 18.1% in February

Safe and Green Development Co. (NASDAQ:SGD) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 127,700 shares, a decline 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 presently 0.5 days. Currently, 11.8% of the company’s shares are sold short.

Safe and Green Development Stock Performance

Shares of SGD opened at $1.30 on Wednesday. The business has a fifty day moving average of $1.54 and a 200 day moving average of $2.80. Safe and Green Development has a 52-week low of $1.03 and a 52-week high of $19.45.

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.