Safe & Green Holdings Corp. (NASDAQ:SGBX) Short Interest Up 42.4% in January

Safe & Green Holdings Corp. (NASDAQ:SGBX) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 671,585 shares, an increase of 42.4% from the December 31st total of 471,729 shares. Currently, 11.6% of the shares of the stock are sold short. Based on an average daily volume of 688,465 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 688,465 shares, the days-to-cover ratio is currently 1.0 days. Currently, 11.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On Safe & Green

A hedge fund recently raised its stake in Safe & Green stock. XTX Topco Ltd increased its holdings in shares of Safe & Green Holdings Corp. (NASDAQ:SGBX) by 360.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,561 shares of the company’s stock after buying an additional 39,576 shares during the quarter. XTX Topco Ltd owned 0.41% of Safe & Green worth $33,000 at the end of the most recent reporting period. 3.50% of the stock is currently owned by institutional investors and hedge funds.

Safe & Green Stock Performance

The stock’s 50-day moving average price is $2.44 and its two-hundred day moving average price is $8.61. The firm has a market cap of $9.55 million, a P/E ratio of -0.03 and a beta of 1.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.14 and a current ratio of 0.18. Safe & Green has a 1-year low of $1.42 and a 1-year high of $96.00.

Safe & Green (NASDAQ:SGBX) last issued its quarterly earnings results on Friday, November 14th. The company reported ($12.68) earnings per share for the quarter. The firm had revenue of $1.05 million for the quarter. Safe & Green had a negative return on equity of 118.68% and a negative net margin of 544.66%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Safe & Green in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Safe & Green Company Profile

Safe & Green Holding Corp (NASDAQ: SGBX) is a diversified cannabis and hemp company that develops, cultivates, manufactures and retails a range of cannabinoid-based products. Through its subsidiaries, the company operates state-licensed cultivation facilities and processing centers, producing items such as dried flower, pre-rolls, concentrates, vape cartridges and hemp-derived wellness products. Its vertically integrated approach is designed to oversee every stage of the supply chain—from seed to sale—ensuring consistent quality and regulatory compliance.

Founded in 2019, Safe & Green has pursued a growth strategy centered on acquiring and operating licensed assets in U.S.