Olenox Industries Inc (NASDAQ:OLOX) Short Interest Update

Olenox Industries Inc (NASDAQ:OLOX) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 25,291 shares, a decline of 51.7% from the August 31st total of 52,365 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 2,935,482 shares, the short-interest ratio is presently 0.0 days.

Olenox Industries Stock Performance

OLOX stock traded down $0.01 on Tuesday, reaching $0.82. 142,365 shares of the company were exchanged, compared to its average volume of 819,187. The stock’s fifty day moving average price is $2.41 and its 200 day moving average price is $5.29. The firm has a market capitalization of $1.36 million, a PE ratio of -0.05 and a beta of 1.56. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.13 and a quick ratio of 0.12. Olenox Industries has a 12 month low of $0.69 and a 12 month high of $93.40.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OLOX. Wall Street Zen upgraded shares of Olenox Industries to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Olenox Industries in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Olenox Industries has a consensus rating of “Sell”.

About Olenox Industries

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.