Olenox Industries Inc (NASDAQ:OLOX) Sees Significant Drop in Short Interest

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. Based on an average trading volume of 187,079 shares, the short-interest ratio is currently 0.2 days. Currently, 6.2% of the company’s stock are sold short.

Olenox Industries Stock Down 2.3%

Shares of Olenox Industries stock traded down $0.12 during trading on Friday, hitting $5.02. The company’s stock had a trading volume of 11,605 shares, compared to its average volume of 1,484,588. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.14 and a current ratio of 0.18. The company has a fifty day simple moving average of $6.10 and a two-hundred day simple moving average of $12.70. The company has a market capitalization of $3.10 million, a PE ratio of -0.01 and a beta of 1.65. Olenox Industries has a 52 week low of $4.10 and a 52 week high of $451.84.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Olenox Industries

Large investors have recently made changes to their positions in the business. XTX Topco Ltd boosted its position in shares of Olenox Industries by 360.3% in the 2nd quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock worth $33,000 after purchasing an additional 39,576 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Olenox Industries during the fourth quarter valued at $73,000. Jane Street Group LLC purchased a new position in Olenox Industries during the fourth quarter valued at $70,000. Finally, Engineers Gate Manager LP bought a new stake in Olenox Industries in the fourth quarter worth $32,000. 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.