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

Olenox Industries Inc (NASDAQ:OLOX) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 27,310 shares, an increase 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. Currently, 1.8% of the shares of the company are short sold.

Olenox Industries Price Performance

Shares of NASDAQ OLOX traded up $0.04 during mid-day trading on Tuesday, reaching $1.03. The company had a trading volume of 694,442 shares, compared to its average volume of 498,393. The firm has a market cap of $1.71 million, a price-to-earnings ratio of -0.06 and a beta of 1.66. The business’s 50-day simple moving average is $4.18 and its 200 day simple moving average is $7.23. Olenox Industries has a one year low of $0.98 and a one year high of $113.92. 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 quarterly earnings data on Wednesday, August 19th. The company reported ($3.11) earnings per share for the quarter. The firm had revenue of $2.12 million for the quarter. Olenox Industries had a negative return on equity of 117.43% and a negative net margin of 427.82%.

Wall Street Analyst Weigh In

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

Institutional Trading of Olenox Industries

A number of institutional investors and hedge funds have recently made changes to their positions in OLOX. XTX Topco Ltd boosted its position 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 in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Olenox Industries in the fourth quarter valued at approximately $73,000. Jane Street Group LLC acquired a new position in Olenox Industries during the fourth quarter valued at approximately $70,000. Finally, Engineers Gate Manager LP acquired a new position in Olenox Industries during the fourth quarter valued at approximately $32,000. Institutional investors own 3.50% of the company’s stock.

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.