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

OLB Group, Inc. (NASDAQ:OLB) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 323,610 shares, a growth of 206.4% from the June 30th total of 105,606 shares. Based on an average daily volume of 275,922 shares, the days-to-cover ratio is currently 1.2 days. Currently, 5.5% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OLB. Wall Street Zen upgraded shares of OLB Group to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings restated a “sell (e+)” rating on shares of OLB Group in a report on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of OLB Group

An institutional investor recently bought a new position in OLB Group stock. Citadel Advisors LLC acquired a new stake in OLB Group, Inc. (NASDAQ:OLB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 32,703 shares of the company’s stock, valued at approximately $38,000. Citadel Advisors LLC owned 0.37% of OLB Group as of its most recent SEC filing. Institutional investors own 3.84% of the company’s stock.

OLB Group Stock Up 0.9%

OLB stock traded up $0.00 during trading hours on Monday, hitting $0.32. The company’s stock had a trading volume of 137,818 shares, compared to its average volume of 4,141,824. The company has a market capitalization of $4.65 million, a PE ratio of -0.36 and a beta of 2.04. OLB Group has a 12 month low of $0.31 and a 12 month high of $1.80. The stock has a 50 day moving average price of $0.40 and a two-hundred day moving average price of $0.51.

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

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.