Short Interest in Safe and Green Development Co. (NASDAQ:SGD) Decreases By 15.0%

Safe and Green Development Co. (NASDAQ:SGD) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 112,300 shares, a drop of 15.0% from the March 15th total of 132,100 shares. Currently, 7.7% of the shares of the stock are sold short. Based on an average trading volume of 275,200 shares, the short-interest ratio is presently 0.4 days.

Safe and Green Development Price Performance

NASDAQ:SGD opened at $1.17 on Tuesday. Safe and Green Development has a 12-month low of $0.98 and a 12-month high of $18.53. The firm has a 50-day moving average price of $1.29 and a 200 day moving average price of $2.09.

About Safe and Green Development

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.