Safe and Green Development Co. (NASDAQ:SGD) Sees Significant Drop in Short Interest

Safe and Green Development Co. (NASDAQ:SGD) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 118,900 shares, a drop of 72.2% from the June 30th total of 428,000 shares. Based on an average trading volume of 4,290,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.3% of the company’s shares are short sold.

Safe and Green Development Stock Performance

Shares of SGD traded up $0.00 during midday trading on Friday, reaching $0.31. The stock had a trading volume of 352,288 shares, compared to its average volume of 2,994,183. The firm has a 50 day simple moving average of $0.45 and a 200-day simple moving average of $0.69. Safe and Green Development has a one year low of $0.25 and a one year high of $10.46.

About Safe and Green Development

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.