Short Interest in Olenox Industries Inc (NASDAQ:OLOX) Expands By 91.7%

Olenox Industries Inc (NASDAQ:OLOX) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 52,365 shares, a growth of 91.7% from the August 15th total of 27,310 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily volume of 3,155,748 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Olenox Industries in a research report on Wednesday, August 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Olenox Industries Trading Down 7.0%

Shares of OLOX traded down $0.06 during trading hours on Tuesday, hitting $0.75. The company had a trading volume of 200,928 shares, compared to its average volume of 638,042. Olenox Industries has a 52-week low of $0.73 and a 52-week high of $105.00. The company has a quick ratio of 0.12, a current ratio of 0.13 and a debt-to-equity ratio of 1.08. The stock’s 50 day moving average price is $3.31 and its 200 day moving average price is $6.20. The firm has a market cap of $1.24 million, a P/E ratio of -0.04 and a beta of 1.56.

Olenox Industries (NASDAQ:OLOX) last issued its earnings results 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 for the quarter.

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.