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

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

Olenox Industries Stock Down 10.6%

NASDAQ OLOX traded down $0.31 on Friday, hitting $2.62. The stock had a trading volume of 73,225 shares, compared to its average volume of 42,632. The business’s fifty day moving average price is $5.21 and its 200 day moving average price is $8.33. 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 has a 52-week low of $2.61 and a 52-week high of $164.86. The stock has a market cap of $3.70 million, a price-to-earnings ratio of -0.01 and a beta of 1.66.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC purchased a new stake in Olenox Industries in the fourth quarter valued at about $73,000. Jane Street Group LLC acquired a new stake in Olenox Industries in the fourth quarter worth about $70,000. XTX Topco Ltd grew its stake 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 worth $33,000 after acquiring an additional 39,576 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Olenox Industries during the fourth quarter worth about $32,000. 3.50% of the stock is owned by institutional investors and hedge funds.

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.