Olenox Industries Inc (NASDAQ:OLOX) Short Interest Update

Olenox Industries Inc (NASDAQ:OLOX) was the recipient of a large growth in short interest during the month of 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. Based on an average daily volume of 3,155,748 shares, the short-interest ratio is currently 0.0 days. Currently, 3.4% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Olenox Industries Price Performance

OLOX stock traded down $0.03 during midday trading on Wednesday, reaching $0.72. 242,778 shares of the company’s stock traded hands, compared to its average volume of 635,929. The company has a 50-day simple moving average of $3.22 and a two-hundred day simple moving average of $6.10. The company has a quick ratio of 0.12, a current ratio of 0.13 and a debt-to-equity ratio of 1.08. Olenox Industries has a 1-year low of $0.69 and a 1-year high of $105.00. The company has a market cap of $1.20 million, a price-to-earnings ratio of -0.04 and a beta of 1.56.

Olenox Industries (NASDAQ:OLOX) last posted its quarterly earnings data 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 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.