Safe & Green Holdings Corp. (NASDAQ:SGBX) Short Interest Up 42.5% in May

Safe & Green Holdings Corp. (NASDAQ:SGBXGet Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,710,000 shares, an increase of 42.5% from the May 15th total of 1,200,000 shares. Currently, 21.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,880,000 shares, the days-to-cover ratio is currently 0.4 days.

Safe & Green Price Performance

NASDAQ SGBX traded up $0.14 on Monday, hitting $0.73. 4,540,736 shares of the company traded hands, compared to its average volume of 3,048,979. Safe & Green has a 52-week low of $0.30 and a 52-week high of $3.75. The business’s 50 day moving average price is $0.58 and its 200-day moving average price is $0.58.

Safe & Green (NASDAQ:SGBXGet Free Report) last posted its earnings results on Friday, June 13th. The company reported ($0.45) EPS for the quarter. The firm had revenue of $0.57 million during the quarter.

Safe & Green Company Profile

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Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects.

Further Reading

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