Olenox Industries Inc (NASDAQ:OLOX) Stock Short Interest Declines 51.7%

Olenox Industries Inc (NASDAQ:OLOX) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 25,291 shares, a decrease of 51.7% from the August 31st total of 52,365 shares. Based on an average daily trading volume, of 2,935,482 shares, the short-interest ratio is presently 0.0 days. Approximately 1.6% of the company’s stock are short sold.

Olenox Industries Stock Down 1.7%

Shares of OLOX stock traded down $0.01 during trading hours on Wednesday, hitting $0.81. 175,678 shares of the company were exchanged, compared to its average volume of 815,735. The stock has a market capitalization of $1.34 million, a price-to-earnings ratio of -0.04 and a beta of 1.56. Olenox Industries has a one year low of $0.69 and a one year high of $93.40. The business’s 50-day simple moving average is $2.31 and its two-hundred day simple moving average is $5.20. 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 announced its quarterly earnings data on Wednesday, August 19th. The company reported ($3.11) earnings per share for the quarter. Olenox Industries had a negative net margin of 427.82% and a negative return on equity of 117.43%. The firm had revenue of $2.12 million during the quarter.

Wall Street Analyst Weigh In

OLOX has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Olenox Industries in a report on Wednesday, August 26th. Wall Street Zen upgraded Olenox Industries to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Olenox Industries

Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects. The Medical segment consists of joint venture COVID-19 laboratory operations. The Development segment focuses on real property development.