What Next for Safety Income & Growth Inc (NYSE:SAFE) Stock After Increase in Shorted Shares?

April 14, 2018 - By Hazel Jackson

The stock of Safety Income & Growth Inc (NYSE:SAFE) registered an increase of 36.91% in short interest. SAFE’s total short interest was 487,800 shares in April as published by FINRA. Its up 36.91% from 356,300 shares, reported previously. With 122,100 shares average volume, it will take short sellers 4 days to cover their SAFE’s short positions. The short interest to Safety Income & Growth Inc’s float is 4.48%.

The stock increased 1.00% or $0.17 during the last trading session, reaching $17.18. About 22,149 shares traded. Safety, Income & Growth Inc. (NYSE:SAFE) has 0.00% since April 14, 2017 and is . It has underperformed by 11.55% the S&P500.

Safety, Income and Growth, Inc. is a real estate investment trust externally managed by SFTY Manager LLC. The company has market cap of $312.50 million. The firm acquires, own, manage, finance and capitalize ground net leases, or GNLs. It currently has negative earnings. It represent ownership of the land underlying commercial real estate projects that is net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.

Safety, Income & Growth Inc. (NYSE:SAFE) Ratings Coverage

Among 2 analysts covering Safety Income & Growth Inc (NYSE:SAFE), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Safety Income & Growth Inc had 2 analyst reports since October 26, 2017 according to SRatingsIntel. The company was maintained on Tuesday, October 31 by Ladenburg. The firm has “Hold” rating given on Thursday, October 26 by Mizuho.

Safety, Income & Growth Inc. (NYSE:SAFE) Ratings Chart

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