Olenox Industries Inc (NASDAQ:OLOX) Short Interest Update

Olenox Industries Inc (NASDAQ:OLOX) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 35,755 shares, a decrease of 90.7% from the May 31st total of 383,077 shares. Approximately 6.2% of the shares of the company are sold short. Based on an average daily volume of 187,079 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new stake in shares of Olenox Industries during the 4th quarter worth $32,000. Jane Street Group LLC acquired a new position in Olenox Industries in the fourth quarter valued at $70,000. Schonfeld Strategic Advisors LLC purchased a new stake in Olenox Industries during the fourth quarter valued at about $73,000. Finally, XTX Topco Ltd grew its position in Olenox Industries by 360.3% during the second quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock valued at $33,000 after acquiring an additional 39,576 shares during the period. Institutional investors and hedge funds own 3.50% of the company’s stock.

Olenox Industries Price Performance

NASDAQ:OLOX traded down $0.06 during mid-day trading on Thursday, hitting $5.14. 10,087 shares of the company’s stock traded hands, compared to its average volume of 372,535. 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 1 year low of $4.10 and a 1 year high of $454.34. The company has a market cap of $3.19 million, a PE ratio of -0.01 and a beta of 1.65. The firm’s 50 day simple moving average is $6.12 and its 200 day simple moving average is $12.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Olenox Industries in a research note on Friday, May 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Olenox Industries

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.