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

OLB Group, Inc. (NASDAQ:OLB) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 201,238 shares, a decrease of 37.8% from the July 15th total of 323,610 shares. Currently, 3.4% of the company’s shares are short sold. Based on an average trading volume of 120,577 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Ratings Changes

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

OLB Group Price Performance

OLB Group stock traded down $0.02 during trading hours on Tuesday, reaching $0.27. The stock had a trading volume of 240,236 shares, compared to its average volume of 3,756,947. The stock has a market cap of $6.46 million, a PE ratio of -0.31 and a beta of 2.05. OLB Group has a 52 week low of $0.24 and a 52 week high of $1.80. The company has a fifty day simple moving average of $0.35 and a 200-day simple moving average of $0.47.

OLB Group (NASDAQ:OLB) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm 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%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in OLB Group stock. Citadel Advisors LLC purchased a new stake in shares of OLB Group, Inc. (NASDAQ:OLB) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 32,703 shares of the company’s stock, valued at approximately $38,000. Citadel Advisors LLC owned about 0.37% of OLB Group at the end of the most recent reporting period. 3.84% of the stock is owned by hedge funds and other institutional investors.

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. www.olb.com and www.olb.com/investors-data.