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

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

Safe and Green Development Stock Performance

NASDAQ:SGD opened at $1.17 on Tuesday. The firm’s 50-day moving average is $1.29 and its 200-day moving average is $2.09. Safe and Green Development has a 52-week low of $0.98 and a 52-week high of $18.53.

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.