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

OLB Group, Inc. (NASDAQ:OLB) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 350,872 shares, an increase of 85.7% from the August 15th total of 188,990 shares. Based on an average daily volume of 509,791 shares, the days-to-cover ratio is presently 0.7 days. Approximately 3.7% of the company’s stock are sold short.

OLB Group Trading Up 0.5%

Shares of OLB stock traded up $0.00 during trading hours on Thursday, hitting $0.20. The company’s stock had a trading volume of 889,570 shares, compared to its average volume of 5,509,276. The stock has a market cap of $4.88 million, a PE ratio of -0.70 and a beta of 2.08. OLB Group has a 12-month low of $0.18 and a 12-month high of $1.80. The company has a 50 day moving average of $0.30 and a 200 day moving average of $0.42.

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

Analyst Ratings Changes

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

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.