Safe & Green Holdings Corp. (NASDAQ:SGBX) Sees Large Growth in Short Interest

Safe & Green Holdings Corp. (NASDAQ:SGBX) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 420,300 shares, an increase of 408.8% from the October 15th total of 82,600 shares. Currently, 24.7% of the shares of the company are sold short. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is presently 0.3 days.

Safe & Green Trading Up 2.5 %

Shares of Safe & Green stock traded up $0.02 during trading on Wednesday, hitting $0.73. 107,610 shares of the company’s stock were exchanged, compared to its average volume of 985,612. The business has a 50-day simple moving average of $1.00 and a 200-day simple moving average of $2.10. Safe & Green has a 52-week low of $0.66 and a 52-week high of $27.00.

Safe & Green (NASDAQ:SGBX) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($2.73) earnings per share for the quarter. Safe & Green had a negative net margin of 322.32% and a negative return on equity of 4,127.08%. The firm had revenue of $1.25 million during the quarter.

Safe & Green Company Profile

Safe & Green Holdings Corp. designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States. It redesigns, repurposes, and convert heavy-gauge steel cargo shipping containers into Safe & Green, which are green building blocks for construction.