Olenox Industries Inc (NASDAQ:OLOX) Short Interest Up 50.9% in August

Olenox Industries Inc (NASDAQ:OLOX) saw a large 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. Currently, 1.8% of the company’s shares are short sold. Based on an average trading volume of 65,969 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Olenox Industries in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Olenox Industries

Several institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP bought a new position in shares of Olenox Industries during the 4th quarter worth approximately $32,000. Schonfeld Strategic Advisors LLC bought a new stake in Olenox Industries in the 4th quarter valued at $73,000. Jane Street Group LLC bought a new stake in Olenox Industries in the 4th quarter valued at $70,000. Finally, XTX Topco Ltd lifted its holdings in Olenox Industries by 360.3% during the 2nd quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock valued at $33,000 after purchasing an additional 39,576 shares during the last quarter. Institutional investors own 3.50% of the company’s stock.

Olenox Industries Stock Up 3.8%

Shares of NASDAQ OLOX traded up $0.04 during trading hours on Tuesday, hitting $1.03. The company had a trading volume of 694,442 shares, compared to its average volume of 498,393. Olenox Industries has a 1-year low of $0.98 and a 1-year high of $113.92. The company has a quick ratio of 0.12, a current ratio of 0.13 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average is $4.18 and its 200-day moving average is $7.23. The stock has a market capitalization of $1.71 million, a P/E ratio of -0.06 and a beta of 1.66.

Olenox Industries (NASDAQ:OLOX) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($3.11) EPS 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.

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.