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

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

Olenox Industries Stock Performance

Olenox Industries stock traded up $0.02 during midday trading on Thursday, reaching $0.82. 86,964 shares of the company’s stock were exchanged, compared to its average volume of 811,916. The stock’s 50-day simple moving average is $2.21 and its 200 day simple moving average is $5.11. Olenox Industries has a 52 week low of $0.69 and a 52 week high of $93.40. The firm has a market cap of $1.36 million, a price-to-earnings ratio of -0.05 and a beta of 1.56. 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 – Get Free Report) last issued 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 company had revenue of $2.12 million during the quarter.

Analyst Ratings Changes

Several brokerages recently commented on OLOX. Wall Street Zen upgraded shares of Olenox Industries to a “hold” rating in a research report on Saturday, September 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Olenox Industries in a report on Wednesday, August 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Check Out Our Latest Research Report on Olenox Industries

About Olenox Industries

(Get Free Report)

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.

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