Short Interest in Olenox Industries Inc (NASDAQ:OLOX) Rises By 252.4%

Olenox Industries Inc (NASDAQ:OLOX) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 383,077 shares, a growth of 252.4% from the May 14th total of 108,695 shares. Based on an average trading volume of 3,304,844 shares, the short-interest ratio is currently 0.1 days. Currently, 66.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Olenox Industries

Institutional investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC acquired a new position in Olenox Industries during the fourth quarter worth approximately $73,000. Jane Street Group LLC acquired a new position in Olenox Industries during the fourth quarter worth approximately $70,000. XTX Topco Ltd increased 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 worth $33,000 after buying an additional 39,576 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Olenox Industries during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 3.50% of the company’s stock.

Olenox Industries Stock Down 8.3%

OLOX traded down $0.61 on Thursday, hitting $6.70. 27,886 shares of the company were exchanged, compared to its average volume of 400,662. Olenox Industries has a 12 month low of $4.10 and a 12 month high of $618.18. The company has a market cap of $4.15 million, a PE ratio of -0.01 and a beta of 1.65. 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 stock’s fifty day moving average is $6.34 and its 200-day moving average is $15.04.

Analysts Set New Price Targets

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