Safe and Green Development Co. (NASDAQ:SGD) Short Interest Update

Safe and Green Development Co. (NASDAQ:SGD) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 179,000 shares, a decline of 42.0% from the March 15th total of 308,800 shares. Approximately 4.5% of the shares of the company are short sold. Based on an average trading volume of 2,250,000 shares, the short-interest ratio is presently 0.1 days.

Safe and Green Development Stock Performance

Safe and Green Development stock traded up $0.01 during midday trading on Friday, reaching $0.69. The stock had a trading volume of 63,271 shares, compared to its average volume of 124,121. Safe and Green Development has a 12 month low of $0.38 and a 12 month high of $10.46. The business has a 50-day moving average of $0.82.

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.