Short Interest in Safe and Green Development Co. (NASDAQ:SGD) Expands By 257.7%

by · The Markets Daily

Safe and Green Development Co. (NASDAQ:SGD – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 99,800 shares, a growth of 257.7% from the September 30th total of 27,900 shares. Based on an average trading volume of 400,300 shares, the short-interest ratio is presently 0.2 days. Approximately 19.0% of the shares of the stock are sold short.

Safe and Green Development Trading Up 4.3 %

Shares of NASDAQ:SGD traded up $0.13 during midday trading on Friday, reaching $3.16. The company had a trading volume of 1,272,244 shares, compared to its average volume of 234,747. The company has a fifty day simple moving average of $4.85 and a two-hundred day simple moving average of $7.78. Safe and Green Development has a 1-year low of $2.66 and a 1-year high of $168.40.

Safe and Green Development Company Profile

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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.

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