Olenox Industries Inc (NASDAQ:OLOX) Sees Significant Decline in Short Interest

Olenox Industries Inc (NASDAQ:OLOX) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 108,695 shares, a decrease of 88.4% from the April 30th total of 938,256 shares. Approximately 18.8% of the company’s stock are short sold. Based on an average daily trading volume, of 55,974 shares, the days-to-cover ratio is presently 1.9 days.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Olenox Industries

Large investors have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC purchased a new stake in Olenox Industries during the 4th quarter valued at $73,000. Jane Street Group LLC purchased a new position in shares of Olenox Industries in the fourth quarter worth $70,000. XTX Topco Ltd lifted 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 purchasing an additional 39,576 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Olenox Industries during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 3.50% of the company’s stock.

Olenox Industries Stock Up 78.3%

Shares of OLOX traded up $3.85 during trading hours on Friday, hitting $8.77. The company had a trading volume of 27,344,574 shares, compared to its average volume of 414,800. The firm has a fifty day moving average price of $6.78 and a 200-day moving average price of $16.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.14 and a current ratio of 0.18. The stock has a market capitalization of $5.44 million, a price-to-earnings ratio of -0.01 and a beta of 1.52. Olenox Industries has a 52-week low of $4.10 and a 52-week high of $960.00.

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.