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

Safe and Green Development Co. (NASDAQ:SGD) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 118,900 shares, a decline of 72.2% from the June 30th total of 428,000 shares. Based on an average daily volume of 4,290,000 shares, the short-interest ratio is presently 0.0 days. Currently, 1.3% of the shares of the company are sold short.

Safe and Green Development Stock Performance

Shares of SGD traded up $0.02 during trading hours on Thursday, hitting $0.31. The stock had a trading volume of 1,765,806 shares, compared to its average volume of 3,012,643. The firm has a 50-day moving average price of $0.45 and a 200 day moving average price of $0.69. Safe and Green Development has a fifty-two week low of $0.25 and a fifty-two week high of $10.46.

Safe and Green Development Company Profile

Safe and Green Development Corporation operates as a real estate development company. It focuses on building single or 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.