Short Interest in Safe & Green Holdings Corp. (NASDAQ:SGBX) Increases By 42.5%

Safe & Green Holdings Corp. (NASDAQ:SGBX) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 1,710,000 shares, an increase of 42.5% from the May 15th total of 1,200,000 shares. Based on an average daily volume of 3,880,000 shares, the short-interest ratio is currently 0.4 days. Approximately 21.1% of the shares of the stock are short sold.

Safe & Green Price Performance

NASDAQ:SGBX traded up $0.14 on Monday, reaching $0.73. The stock had a trading volume of 4,540,736 shares, compared to its average volume of 3,048,979. Safe & Green has a 12-month low of $0.30 and a 12-month high of $3.75. The firm’s fifty day moving average is $0.58 and its two-hundred day moving average is $0.58.

Safe & Green (NASDAQ:SGBX) last announced its earnings results on Friday, June 13th. The company reported ($0.45) earnings per share (EPS) for the quarter. The company had revenue of $0.57 million for the quarter.

Safe & Green Company Profile

Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects.