Short Interest in Olenox Industries Inc (NASDAQ:OLOX) Declines By 88.4%

Olenox Industries Inc (NASDAQ:OLOX – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 108,695 shares, a decline of 88.4% from the April 30th total of 938,256 shares. Based on an average daily volume of 55,974 shares, the short-interest ratio is currently 1.9 days. Currently, 18.8% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Olenox Industries in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP bought a new position in shares of Olenox Industries during the 4th quarter valued at about $32,000. Jane Street Group LLC bought a new position in shares of Olenox Industries during the 4th quarter valued at about $70,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Olenox Industries during the 4th quarter valued at about $73,000. Finally, XTX Topco Ltd boosted its holdings 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 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 Price Performance

Olenox Industries stock traded up $0.03 during mid-day trading on Thursday, hitting $4.92. The stock had a trading volume of 20,392 shares, compared to its average volume of 107,614. The firm has a market capitalization of $3.04 million, a P/E ratio of -0.01 and a beta of 1.52. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $6.92 and its 200 day moving average is $16.59. Olenox Industries has a one year low of $4.10 and a one year high of $960.00.

Olenox Industries Company Profile

(Get Free Report)

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.

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