Short Interest in Olenox Industries Inc (NASDAQ:OLOX) Expands By 252.4%

Olenox Industries Inc (NASDAQ:OLOX) saw a large growth in short interest during the month of 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. Currently, 66.3% of the shares of the company are sold short. Based on an average daily volume of 3,304,844 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Olenox Industries in a research note on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC acquired a new position in Olenox Industries in the 4th quarter valued at about $73,000. Jane Street Group LLC acquired a new position in Olenox Industries in the 4th quarter valued at about $70,000. XTX Topco Ltd grew its stake in Olenox Industries by 360.3% in the 2nd 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. Finally, Engineers Gate Manager LP acquired a new position in Olenox Industries in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 3.50% of the company’s stock.

Olenox Industries Stock Performance

OLOX traded down $0.24 on Friday, reaching $6.46. The company had a trading volume of 15,375 shares, compared to its average volume of 1,691,605. Olenox Industries has a fifty-two week low of $4.10 and a fifty-two week high of $618.18. The stock has a market cap of $4.01 million, a P/E ratio of -0.01 and a beta of 1.65. The company’s fifty day moving average is $6.21 and its 200 day moving average is $14.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.14 and a current ratio of 0.18.

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.