Short Interest in Safe and Green Development Corporation (NASDAQ:RENX) Declines By 65.8%

Posted by Brian Himes on Jul 13th, 2026

Safe and Green Development Corporation (NASDAQ:RENX – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 36,798 shares, a drop of 65.8% from the June 15th total of 107,524 shares. Based on an average trading volume of 104,435 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.7% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RENX shares. Wall Street Zen downgraded Safe and Green Development from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Safe and Green Development in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Check Out Our Latest Report on RENX

Safe and Green Development Stock Performance

Safe and Green Development stock opened at $2.06 on Monday. Safe and Green Development has a 12 month low of $1.40 and a 12 month high of $47.20. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 3.45. The stock has a market cap of $5.38 million, a P/E ratio of -0.03 and a beta of 4.01. The company’s fifty day simple moving average is $1.85 and its 200-day simple moving average is $2.63.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Safe and Green Development stock. Virtu Financial LLC grew its position in Safe and Green Development Corporation (NASDAQ:RENX – Free Report) by 127.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,645 shares of the company’s stock after purchasing an additional 14,954 shares during the period. Virtu Financial LLC owned about 0.30% of Safe and Green Development worth $36,000 at the end of the most recent quarter. 2.59% of the stock is owned by institutional investors.

Safe and Green Development Company Profile

(Get Free Report)

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.