Olenox Industries Inc (NASDAQ:OLOX – Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 18,093 shares, a drop of 49.9% from the July 15th total of 36,123 shares. Based on an average trading volume of 24,169 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.4% of the shares of the company are short sold.
Institutional Investors Weigh In On Olenox Industries
Several hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd lifted its holdings in shares of Olenox Industries by 360.3% in the second quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock worth $33,000 after buying an additional 39,576 shares in the last quarter. Jane Street Group LLC bought a new position in Olenox Industries in the 4th quarter valued at $70,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Olenox Industries during the 4th quarter valued at $73,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Olenox Industries during the 4th quarter valued at $32,000. 3.50% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Olenox Industries in a report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Olenox Industries Stock Performance
Shares of NASDAQ:OLOX traded down $0.13 during trading on Tuesday, hitting $2.60. 74,589 shares of the company were exchanged, compared to its average volume of 301,180. Olenox Industries has a 52-week low of $2.51 and a 52-week high of $157.12. The stock has a 50 day moving average of $5.10 and a 200 day moving average of $8.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.05 and a quick ratio of 0.04. The company has a market cap of $3.67 million, a PE ratio of -0.01 and a beta of 1.66.
Olenox Industries (NASDAQ:OLOX – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported ($4.38) earnings per share for the quarter. The company had revenue of $0.29 million during the quarter. Olenox Industries had a negative net margin of 701.31% and a negative return on equity of 117.56%.
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.
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