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

OLB Group, Inc. (NASDAQ:OLB) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 350,872 shares, an increase of 85.7% from the August 15th total of 188,990 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average daily volume of 509,791 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of OLB Group in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

OLB Group Trading Down 17.8%

OLB stock opened at $0.22 on Wednesday. The company has a market capitalization of $5.21 million, a P/E ratio of -0.75 and a beta of 2.08. The business has a 50 day simple moving average of $0.31 and a 200-day simple moving average of $0.42. OLB Group has a twelve month low of $0.18 and a twelve month high of $1.80.

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

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.