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

Safe & Green Holdings Corp. (NASDAQ:SGBX) was the target of a significant increase in short interest in 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. Approximately 24.7% of the shares of the stock are short sold. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is presently 0.3 days.

Safe & Green Stock Up 2.5 %

Shares of NASDAQ SGBX traded up $0.02 during trading on Wednesday, hitting $0.73. The company had a trading volume of 107,610 shares, compared to its average volume of 985,612. The stock has a fifty day simple moving average of $1.00 and a two-hundred day simple moving average of $2.10. Safe & Green has a fifty-two week low of $0.66 and a fifty-two week high of $27.00.

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

About Safe & Green

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.