OLB Group, Inc. (NASDAQ:OLB) Stock Short Interest Falls 71.2%

OLB Group, Inc. (NASDAQ:OLB) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 515,243 shares, a decrease of 71.2% from the October 15th total of 1,792,006 shares. Based on an average trading volume of 1,397,630 shares, the days-to-cover ratio is presently 0.4 days. Approximately 3.7% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OLB Group in a research report on Friday, October 30th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

OLB Group Stock Performance

NASDAQ OLB traded down $0.00 on Friday, reaching $0.18. The company had a trading volume of 238,381 shares, compared to its average volume of 11,505,945. The firm has a market capitalization of $4.27 million, a price-to-earnings ratio of -0.61 and a beta of 2.08. OLB Group has a 1-year low of $0.16 and a 1-year high of $1.80. The company’s fifty day moving average is $0.28 and its 200-day moving average is $0.42.

OLB Group (NASDAQ:OLB) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $1.28 million for the quarter, compared to the consensus estimate of $2.10 million. OLB Group had a negative return on equity of 76.38% and a negative net margin of 68.26%.

About OLB Group

The OLB Group, Inc. is a financial technology company that provides payment processing and merchant services to small and midsized businesses. Its solutions are designed to help merchants accept and manage transactions across in-store, online and mobile channels. The company’s offerings include point-of-sale systems, e-commerce payment tools, mobile payment acceptance and integrated business-management services. Through its merchant-services platform, OLB supports functions such as transaction processing, payment security and merchant account management.