OLB Group, Inc. (NASDAQ:OLB) Sees Significant Decline in Short Interest

OLB Group, Inc. (NASDAQ:OLB) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 186,179 shares, a decrease of 46.9% from the August 31st total of 350,872 shares. Based on an average daily trading volume, of 37,778,013 shares, the short-interest ratio is currently 0.0 days. Currently, 1.9% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

OLB Group Price Performance

NASDAQ OLB traded down $0.00 during trading on Thursday, reaching $0.19. 229,821 shares of the company’s stock were exchanged, compared to its average volume of 5,299,100. The business has a 50 day moving average price of $0.27 and a 200-day moving average price of $0.39. The stock has a market capitalization of $4.57 million, a P/E ratio of -0.66 and a beta of 2.08. OLB Group has a fifty-two week low of $0.18 and a fifty-two week high of $1.80.

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

About OLB Group

The OLB Group, Inc is a financial technology company that provides integrated payment-processing and commerce solutions for small and midsized merchants. Its services are designed to help businesses accept and manage transactions across physical stores, websites and mobile channels.

The company’s offerings include cloud-based point-of-sale and business-management software, payment acceptance, e-commerce capabilities, mobile commerce tools and related merchant services. Through its OmniSoft platform and other technology solutions, OLB seeks to combine payments with functions such as transaction reporting, customer management and operational support.

OLB Group is based in New York and has focused primarily on serving merchants in the United States.