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

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

Analyst Ratings Changes

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

OLB Group Stock Down 1.1%

Shares of OLB traded down $0.00 during trading hours on Friday, hitting $0.18. The company had a trading volume of 238,381 shares, compared to its average volume of 11,505,945. The business has a fifty day moving average of $0.28 and a 200-day moving average of $0.42. The firm has a market cap of $4.27 million, a price-to-earnings ratio of -0.61 and a beta of 2.08. OLB Group has a 12 month low of $0.16 and a 12 month high of $1.80.

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

OLB Group Company Profile

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.