OLB Group, Inc. (NASDAQ:OLB) Short Interest Update

OLB Group, Inc. (NASDAQ:OLB) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 323,610 shares, an increase of 206.4% from the June 30th total of 105,606 shares. Currently, 5.5% of the company’s shares are short sold. Based on an average daily volume of 275,922 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

Several research firms have issued reports on OLB. Weiss Ratings reissued a “sell (e+)” rating on shares of OLB Group in a research report on Wednesday, May 6th. Wall Street Zen raised OLB Group to a “sell” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

OLB Group Stock Up 0.9%

OLB stock traded up $0.00 during mid-day trading on Monday, hitting $0.32. 137,818 shares of the company were exchanged, compared to its average volume of 4,141,824. OLB Group has a 12-month low of $0.31 and a 12-month high of $1.80. The firm has a market capitalization of $4.65 million, a P/E ratio of -0.36 and a beta of 2.04. The business has a fifty day simple moving average of $0.40 and a 200-day simple moving average of $0.51.

OLB Group (NASDAQ:OLB) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.08) earnings per share (EPS) for the quarter. OLB Group had a negative net margin of 73.19% and a negative return on equity of 96.26%. The company had revenue of $1.66 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OLB Group stock. Citadel Advisors LLC purchased a new position in OLB Group, Inc. (NASDAQ:OLB) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 32,703 shares of the company’s stock, valued at approximately $38,000. Citadel Advisors LLC owned approximately 0.37% of OLB Group at the end of the most recent quarter. Institutional investors own 3.84% of the company’s stock.

About OLB Group

The OLB Group, Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. The Company’s eCommerce platform delivers e-commerce services for a digital commerce solution to over 10,500 merchants in all 50 states. The Company’s wholly owned subsidiary, DMINT, Inc, is engaged in the mining of Bitcoin utilizing low carbon natural gas with over 1,000 application-specific integrated circuit (ASIC)-based S19j Pro 96T mining computers. www.olb.com and www.olb.com/investors-data.