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

OLB Group, Inc. (NASDAQ:OLB) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 201,238 shares, a decline of 37.8% from the July 15th total of 323,610 shares. Based on an average daily volume of 120,577 shares, the days-to-cover ratio is currently 1.7 days. Currently, 3.4% of the shares of the stock are sold short.

OLB Group Stock Performance

OLB traded down $0.02 during midday trading on Tuesday, hitting $0.27. The stock had a trading volume of 240,236 shares, compared to its average volume of 3,756,947. The company has a market cap of $6.46 million, a P/E ratio of -0.31 and a beta of 2.05. The business has a fifty day moving average of $0.35 and a 200 day moving average of $0.47. OLB Group has a 1 year low of $0.24 and a 1 year high of $1.80.

OLB Group (NASDAQ:OLB) last issued its quarterly 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. The business had revenue of $1.28 million for the quarter, compared to analysts’ expectations of $2.10 million. OLB Group had a negative net margin of 68.26% and a negative return on equity of 80.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on OLB shares. Weiss Ratings reissued a “sell (e+)” rating on shares of OLB Group in a report on Monday, August 3rd. Wall Street Zen upgraded shares of OLB Group to a “sell” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On OLB Group

An institutional investor recently bought a new stake in OLB Group stock. Citadel Advisors LLC purchased a new stake in shares of OLB Group, Inc. (NASDAQ:OLB) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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. 3.84% of the stock is owned by hedge funds and other institutional investors.

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.