Olenox Industries Inc (NASDAQ:OLOX) Short Interest Update

Olenox Industries Inc (NASDAQ:OLOX) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 52,365 shares, an increase of 91.7% from the August 15th total of 27,310 shares. Currently, 3.4% of the company’s stock are sold short. Based on an average daily trading volume, of 3,155,748 shares, the short-interest ratio is currently 0.0 days.

Olenox Industries Price Performance

Shares of OLOX stock traded down $0.06 during trading hours on Tuesday, reaching $0.75. The stock had a trading volume of 200,928 shares, compared to its average volume of 638,042. Olenox Industries has a 12 month low of $0.73 and a 12 month high of $105.00. The company has a current ratio of 0.13, a quick ratio of 0.12 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.24 million, a PE ratio of -0.04 and a beta of 1.56. The stock’s fifty day simple moving average is $3.31 and its 200 day simple moving average is $6.20.

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

Analyst Ratings Changes

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

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.