Olenox Industries Inc (NASDAQ:OLOX) Short Interest Update

Olenox Industries Inc (NASDAQ:OLOX) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 35,755 shares, a decline of 90.7% from the May 31st total of 383,077 shares. Based on an average daily volume of 187,079 shares, the days-to-cover ratio is currently 0.2 days. Currently, 6.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Olenox Industries

A number of large investors have recently added to or reduced their stakes in OLOX. XTX Topco Ltd boosted its position in Olenox Industries by 360.3% in the 2nd quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock valued at $33,000 after buying an additional 39,576 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Olenox Industries during the fourth quarter worth about $70,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Olenox Industries in the fourth quarter worth about $73,000. Finally, Engineers Gate Manager LP purchased a new position in Olenox Industries in the fourth quarter valued at about $32,000. 3.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Olenox Industries Stock Down 1.2%

Shares of NASDAQ:OLOX traded down $0.06 during mid-day trading on Thursday, hitting $5.14. 10,087 shares of the company traded hands, compared to its average volume of 372,535. The firm’s 50 day simple moving average is $6.12 and its 200 day simple moving average is $12.99. The firm has a market cap of $3.19 million, a P/E 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. Olenox Industries has a 52-week low of $4.10 and a 52-week high of $454.34.

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.