Olenox Industries Inc (NASDAQ:OLOX) Sees Large Decline in Short Interest

Olenox Industries Inc (NASDAQ:OLOX) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 108,695 shares, a decline of 88.4% from the April 30th total of 938,256 shares. Based on an average daily volume of 55,974 shares, the short-interest ratio is currently 1.9 days. Approximately 18.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Olenox Industries in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Olenox Industries Price Performance

OLOX traded up $3.85 during trading hours on Friday, hitting $8.77. The company’s stock had a trading volume of 27,344,574 shares, compared to its average volume of 247,411. Olenox Industries has a 12 month low of $4.10 and a 12 month high of $960.00. The stock has a market cap of $5.44 million, a price-to-earnings ratio of -0.01 and a beta of 1.52. The business’s 50-day moving average price is $6.70 and its 200-day moving average price is $16.43. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On Olenox Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP purchased a new position in shares of Olenox Industries in the 4th quarter worth approximately $32,000. XTX Topco Ltd raised its stake in shares of Olenox Industries by 360.3% in 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. Jane Street Group LLC purchased a new stake in shares of Olenox Industries in the fourth quarter valued at $70,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Olenox Industries in the 4th quarter worth about $73,000. 3.50% of the stock is currently owned by hedge funds and other institutional investors.

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.