Olenox Industries Inc (NASDAQ:OLOX – Get Free Report) 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. Approximately 66.3% of the company’s stock are short sold. Based on an average daily volume of 3,304,844 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On Olenox Industries
A number of large investors have recently bought and sold shares of the business. Engineers Gate Manager LP bought a new position in Olenox Industries in the fourth quarter worth about $32,000. Jane Street Group LLC bought a new stake in shares of Olenox Industries during the fourth quarter valued at approximately $70,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Olenox Industries during the fourth quarter valued at approximately $73,000. Finally, XTX Topco Ltd raised its holdings in shares of Olenox Industries by 360.3% during the second 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. Institutional investors own 3.50% of the company’s stock.
Olenox Industries Stock Performance
NASDAQ OLOX traded down $0.24 during trading hours on Friday, reaching $6.46. The company’s stock had a trading volume of 15,375 shares, compared to its average volume of 397,222. 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 business has a 50-day simple moving average of $6.27 and a 200 day simple moving average of $14.82. Olenox Industries has a 52 week low of $4.10 and a 52 week high of $618.18. The stock has a market cap of $3.99 million, a PE ratio of -0.01 and a beta of 1.65.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Olenox Industries
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.
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