Safe and Green Development Corporation (NASDAQ:RENX) Sees Large Drop in Short Interest

Posted by Brian Himes on Sep 1st, 2026

Safe and Green Development Corporation (NASDAQ:RENX – Get Free Report) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 11,377 shares, a drop of 41.0% from the July 30th total of 19,293 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 45,039 shares, the short-interest ratio is presently 0.3 days.

Safe and Green Development Price Performance

Shares of RENX traded up $0.08 during trading hours on Tuesday, reaching $2.06. The stock had a trading volume of 170,131 shares, compared to its average volume of 1,333,838. The stock has a market capitalization of $5.46 million, a PE ratio of -0.07 and a beta of 3.93. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.16 and a current ratio of 0.16. The company’s 50-day moving average is $1.94 and its two-hundred day moving average is $2.21. Safe and Green Development has a 12 month low of $1.40 and a 12 month high of $36.00.

Safe and Green Development (NASDAQ:RENX – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($3.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.56) by ($1.52). The business had revenue of $4.26 million for the quarter, compared to the consensus estimate of $4.12 million. Safe and Green Development had a negative return on equity of 550.70% and a negative net margin of 169.20%. Research analysts expect that Safe and Green Development will post -5.86 EPS for the current year.

Institutional Trading of Safe and Green Development

A hedge fund recently bought a new position in Safe and Green Development stock. Citadel Advisors LLC bought a new stake in shares of Safe and Green Development Corporation (NASDAQ:RENX – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 37,346 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 0.42% of Safe and Green Development as of its most recent SEC filing. Institutional investors and hedge funds own 2.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RENX shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Safe and Green Development in a research report on Wednesday, June 24th. Zacks Research upgraded Safe and Green Development to a “hold” rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Get Our Latest Analysis on RENX

About Safe and Green Development

(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.