Olenox Industries Inc (NASDAQ:OLOX) Short Interest Down 49.9% in July

Olenox Industries Inc (NASDAQ:OLOX) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 18,093 shares, a decrease of 49.9% from the July 15th total of 36,123 shares. Based on an average daily trading volume, of 24,169 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Institutional Trading of Olenox Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP purchased a new position in shares of Olenox Industries in the 4th quarter valued at $32,000. XTX Topco Ltd lifted its stake in shares of Olenox Industries by 360.3% during the 2nd quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock worth $33,000 after purchasing an additional 39,576 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Olenox Industries during the 4th quarter worth $70,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Olenox Industries during the fourth quarter valued at about $73,000. Institutional investors own 3.50% of the company’s stock.

Olenox Industries Stock Down 10.6%

Shares of NASDAQ:OLOX traded down $0.31 during trading hours on Friday, hitting $2.62. The company’s stock had a trading volume of 73,225 shares, compared to its average volume of 42,632. The firm’s fifty day moving average price is $5.21 and its 200 day moving average price is $8.33. Olenox Industries has a 52 week low of $2.61 and a 52 week high of $164.86. The company has a market capitalization of $3.70 million, a price-to-earnings ratio of -0.01 and a beta of 1.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.05 and a quick ratio of 0.04.

Olenox Industries (NASDAQ:OLOX) last released its quarterly earnings data on Tuesday, June 30th. The company reported $398.88 earnings per share (EPS) for the quarter. The firm had revenue of $0.57 million for the quarter. Olenox Industries had a negative net margin of 701.31% and a negative return on equity of 117.56%.

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.