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

Olenox Industries Inc (NASDAQ:OLOX) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 27,310 shares, a growth of 50.9% from the July 30th total of 18,093 shares. Based on an average daily volume of 65,969 shares, the short-interest ratio is currently 0.4 days. Approximately 1.8% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Olenox Industries in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Olenox Industries

A number of hedge funds and other institutional investors have recently modified their holdings of OLOX. Engineers Gate Manager LP bought a new stake in Olenox Industries in the fourth quarter valued at approximately $32,000. XTX Topco Ltd boosted its stake in shares of Olenox Industries by 360.3% during the 2nd quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock worth $33,000 after acquiring an additional 39,576 shares during the period. Jane Street Group LLC acquired a new position in shares of Olenox Industries during the 4th quarter worth approximately $70,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Olenox Industries in the 4th quarter valued at $73,000. Institutional investors and hedge funds own 3.50% of the company’s stock.

Olenox Industries Trading Down 3.5%

OLOX traded down $0.04 during midday trading on Wednesday, reaching $1.06. 967,605 shares of the company were exchanged, compared to its average volume of 642,525. The stock’s 50-day simple moving average is $4.09 and its 200 day simple moving average is $7.13. Olenox Industries has a one year low of $0.97 and a one year high of $112.32. The stock has a market capitalization of $1.76 million, a P/E ratio of -0.06 and a beta of 1.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.12 and a current ratio of 0.13.

Olenox Industries (NASDAQ:OLOX) last posted its earnings results on Wednesday, August 19th. The company reported ($3.11) earnings per share (EPS) for the quarter. Olenox Industries had a negative net margin of 427.82% and a negative return on equity of 117.43%. The business had revenue of $2.12 million during the quarter.

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.