OLB Group, Inc. (NASDAQ:OLB) Stock Short Interest Report for October

OLB Group, Inc. (NASDAQ:OLB) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,792,006 shares, an increase of 890.4% from the September 30th total of 180,942 shares. Based on an average daily volume of 136,092,922 shares, the days-to-cover ratio is currently 0.0 days. Currently, 18.7% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OLB Group in a research report on Monday, August 3rd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

OLB Group Stock Down 2.6%

Shares of OLB traded down $0.01 during trading hours on Monday, reaching $0.28. The company’s stock had a trading volume of 399,005 shares, compared to its average volume of 75,835,920. The company has a 50 day moving average of $0.31 and a two-hundred day moving average of $0.45. The firm has a market cap of $6.77 million, a price-to-earnings ratio of -0.97 and a beta of 2.17. OLB Group has a 1-year low of $0.18 and a 1-year high of $1.80.

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

About OLB Group

The OLB Group, Inc is a financial technology company that provides payment processing and related commerce solutions to small and midsized businesses. Its services are designed to help merchants accept card and electronic payments through in-store, online and mobile channels.

The company’s product offerings have included cloud-based point-of-sale, payment gateway, e-commerce and business-management tools, as well as merchant onboarding, transaction processing and reporting services. Through its technology platforms and service relationships, OLB supports businesses in managing payments and day-to-day commerce operations.

OLB Group has historically focused primarily on the United States market and has expanded its operations through internal development and acquisitions.