Safe and Green Development Corporation (NASDAQ:SGD) Short Interest Down 40.4% in December

Safe and Green Development Corporation (NASDAQ:SGD) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 120,425 shares, a drop of 40.4% from the November 30th total of 202,094 shares. Based on an average daily volume of 3,157,147 shares, the days-to-cover ratio is presently 0.0 days. Approximately 3.5% of the shares of the company are short sold. Approximately 3.5% of the shares of the company are short sold. Based on an average daily volume of 3,157,147 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen raised shares of Safe and Green Development to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Safe and Green Development in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Safe and Green Development has an average rating of “Sell”.

Safe and Green Development Stock Performance

Shares of Safe and Green Development stock traded down $0.03 during trading hours on Monday, reaching $0.23. The company had a trading volume of 1,504,340 shares, compared to its average volume of 3,962,076. The firm has a market cap of $2.00 million, a PE ratio of -0.05 and a beta of 3.50. Safe and Green Development has a one year low of $0.17 and a one year high of $2.89. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.07 and a quick ratio of 0.07. The business has a fifty day simple moving average of $0.80 and a 200 day simple moving average of $1.03.

Safe and Green Development (NASDAQ:SGD) last issued its earnings results on Friday, November 14th. The company reported ($1.12) EPS for the quarter. Safe and Green Development had a negative return on equity of 733.82% and a negative net margin of 277.22%.The company had revenue of $5.01 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Safe and Green Development stock. Virtu Financial LLC boosted its holdings in shares of Safe and Green Development Corporation (NASDAQ:SGD) by 127.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,645 shares of the company’s stock after buying an additional 14,954 shares during the period. Virtu Financial LLC owned approximately 0.30% of Safe and Green Development worth $36,000 as of its most recent SEC filing. 2.59% of the stock is currently owned by hedge funds and other institutional investors.

Safe and Green Development Company Profile

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. Safe and Green Development Corporation is a subsidiary of Safe & Green Holdings Corp.