The OLB Group, Inc. (NASDAQ:OLB) Sees Large Growth in Short Interest

The OLB Group, Inc. (NASDAQ:OLB) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 70,100 shares, an increase of 40.2% from the May 15th total of 50,000 shares. Based on an average trading volume of 689,300 shares, the short-interest ratio is presently 0.1 days. Approximately 3.8% of the company’s stock are sold short.

The OLB Group Stock Up 2.6%

OLB stock traded up $0.05 during trading on Monday, hitting $1.99. 66,016 shares of the company’s stock were exchanged, compared to its average volume of 419,887. The stock has a market capitalization of $5.59 million, a price-to-earnings ratio of -0.35 and a beta of 2.14. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16. The OLB Group has a 52-week low of $1.00 and a 52-week high of $4.00. The business has a 50-day moving average price of $1.49 and a two-hundred day moving average price of $1.51.

The OLB Group (NASDAQ:OLB) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.47) EPS for the quarter. The OLB Group had a negative net margin of 155.02% and a negative return on equity of 258.34%. The business had revenue of $2.32 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in The OLB Group stock. Citadel Advisors LLC bought a new stake in The OLB Group, Inc. (NASDAQ:OLB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,608 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned approximately 0.82% of The OLB Group as of its most recent SEC filing. 3.84% of the stock is currently owned by institutional investors and hedge funds.

The OLB Group Company Profile

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.