Short Interest in Olenox Industries Inc (NASDAQ:OLOX) Declines By 88.4%

Olenox Industries Inc (NASDAQ:OLOX) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 108,695 shares, a decline of 88.4% from the April 30th total of 938,256 shares. Based on an average trading volume of 55,974 shares, the short-interest ratio is presently 1.9 days. Approximately 18.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On Olenox Industries

Several large investors have recently made changes to their positions in the business. XTX Topco Ltd increased its position in shares of Olenox Industries by 360.3% during the second quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock valued at $33,000 after acquiring an additional 39,576 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Olenox Industries during the fourth quarter valued at approximately $73,000. Jane Street Group LLC bought a new stake in shares of Olenox Industries during the fourth quarter valued at approximately $70,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Olenox Industries during the fourth quarter valued at approximately $32,000. 3.50% of the stock is currently owned by hedge funds and other institutional investors.

Olenox Industries Trading Up 0.6%

Shares of Olenox Industries stock traded up $0.03 during trading on Thursday, reaching $4.92. 20,392 shares of the stock were exchanged, compared to its average volume of 107,614. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average is $6.92 and its 200 day moving average is $16.59. The firm has a market cap of $3.04 million, a price-to-earnings ratio of -0.01 and a beta of 1.52. Olenox Industries has a 1 year low of $4.10 and a 1 year high of $960.00.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Olenox Industries in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average 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.