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

Olenox Industries Inc (NASDAQ:OLOX) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 25,291 shares, a drop of 51.7% from the August 31st total of 52,365 shares. Based on an average daily volume of 2,935,482 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.6% of the company’s stock are sold short.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Olenox Industries in a research note on Wednesday, August 26th. Wall Street Zen raised shares of Olenox Industries to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Olenox Industries presently has an average rating of “Sell”.

Olenox Industries Price Performance

Shares of OLOX stock traded down $0.01 during midday trading on Tuesday, reaching $0.82. 142,365 shares of the company were exchanged, compared to its average volume of 819,187. Olenox Industries has a 12 month low of $0.69 and a 12 month high of $93.40. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.12 and a current ratio of 0.13. The company’s 50 day moving average price is $2.41 and its two-hundred day moving average price is $5.29. The company has a market cap of $1.36 million, a P/E ratio of -0.05 and a beta of 1.56.

Olenox Industries (NASDAQ:OLOX) last issued its quarterly earnings results on Wednesday, August 19th. The company reported ($3.11) EPS for the quarter. The business had revenue of $2.12 million during the quarter. Olenox Industries had a negative return on equity of 117.43% and a negative net margin of 427.82%.

About Olenox Industries

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.