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

Olenox Industries Inc (NASDAQ:OLOX) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 71,030 shares, a growth of 180.9% from the September 15th total of 25,291 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average trading volume of 3,639,837 shares, the days-to-cover ratio is presently 0.0 days.

Olenox Industries Stock Down 0.1%

Shares of NASDAQ OLOX traded down $0.00 during mid-day trading on Tuesday, reaching $0.80. 471,122 shares of the company traded hands, compared to its average volume of 1,581,472. 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 stock has a market cap of $1.33 million, a PE ratio of -0.04 and a beta of 1.56. The company’s fifty day moving average is $1.56 and its two-hundred day moving average is $4.52. Olenox Industries has a fifty-two week low of $0.69 and a fifty-two week high of $93.40.

Olenox Industries (NASDAQ:OLOX) last issued its quarterly earnings data 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 during the quarter.

Analysts Set New Price Targets

Several brokerages have recently commented on OLOX. Wall Street Zen upgraded shares of Olenox Industries to a “hold” rating in a research note on Saturday, September 26th. Weiss Ratings reaffirmed 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. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Olenox Industries Company Profile

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.