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

Olenox Industries Inc (NASDAQ:OLOX) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 35,755 shares, a drop of 90.7% from the May 31st total of 383,077 shares. Based on an average daily trading volume, of 187,079 shares, the days-to-cover ratio is presently 0.2 days. Currently, 6.2% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Olenox Industries in a research note on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Olenox Industries currently has an average rating of “Sell”.

Olenox Industries Stock Down 1.2%

Shares of OLOX stock opened at $5.14 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.18 and a quick ratio of 0.14. Olenox Industries has a one year low of $4.10 and a one year high of $454.34. The company’s fifty day moving average price is $6.12 and its 200-day moving average price is $12.75. The company has a market capitalization of $3.19 million, a price-to-earnings ratio of -0.01 and a beta of 1.65.

Institutional Investors Weigh In On Olenox Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd boosted its stake 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 acquiring an additional 39,576 shares during the period. Jane Street Group LLC purchased a new position in Olenox Industries in the 4th quarter worth approximately $70,000. Schonfeld Strategic Advisors LLC purchased a new position in Olenox Industries in the 4th quarter worth approximately $73,000. Finally, Engineers Gate Manager LP bought a new position in Olenox Industries in the 4th quarter worth approximately $32,000. 3.50% of the stock is owned by institutional investors.

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.