Olenox Industries Inc (NASDAQ:OLOX) Short Interest Up 91.7% in August

Olenox Industries Inc (NASDAQ:OLOX) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 52,365 shares, an increase of 91.7% from the August 15th total of 27,310 shares. Based on an average trading volume of 3,155,748 shares, the short-interest ratio is currently 0.0 days. Approximately 3.4% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Olenox Industries Stock Performance

Shares of NASDAQ:OLOX traded up $0.11 during midday trading on Thursday, reaching $0.83. 1,906,667 shares of the company’s stock traded hands, compared to its average volume of 643,001. The company has a market cap of $1.38 million, a price-to-earnings ratio of -0.05 and a beta of 1.56. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.12 and a current ratio of 0.13. Olenox Industries has a one year low of $0.69 and a one year high of $105.00. The stock has a 50 day moving average of $3.13 and a 200 day moving average of $6.00.

Olenox Industries (NASDAQ:OLOX) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($3.11) EPS for the quarter. Olenox Industries had a negative return on equity of 117.43% and a negative net margin of 427.82%.The business had revenue of $2.12 million during the quarter.

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.