Olenox Industries Inc (NASDAQ:OLOX) Short Interest Update

Olenox Industries Inc (NASDAQ:OLOX) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 383,077 shares, an increase of 252.4% from the May 14th total of 108,695 shares. Currently, 66.3% of the company’s stock are short sold. Based on an average daily volume of 3,304,844 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Olenox Industries in a research note on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Olenox Industries

Institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP bought a new stake in Olenox Industries in the 4th quarter valued at approximately $32,000. Jane Street Group LLC bought a new stake in Olenox Industries during the fourth quarter worth about $70,000. Schonfeld Strategic Advisors LLC bought a new stake in Olenox Industries during the fourth quarter worth about $73,000. Finally, XTX Topco Ltd raised its holdings in Olenox Industries by 360.3% during the second quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock worth $33,000 after acquiring an additional 39,576 shares in the last quarter. Institutional investors own 3.50% of the company’s stock.

Olenox Industries Stock Down 8.3%

NASDAQ OLOX traded down $0.61 during trading on Thursday, hitting $6.70. The stock had a trading volume of 27,886 shares, compared to its average volume of 400,662. The company has a market capitalization of $4.15 million, a PE ratio of -0.01 and a beta of 1.65. The company’s 50-day moving average price is $6.34 and its two-hundred day moving average price is $15.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.14 and a current ratio of 0.18. Olenox Industries has a 12 month low of $4.10 and a 12 month high of $618.18.

Olenox Industries 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.