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

OLB Group, Inc. (NASDAQ:OLB) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 323,610 shares, a growth of 206.4% from the June 30th total of 105,606 shares. Approximately 5.5% of the company’s shares are sold short. Based on an average trading volume of 275,922 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On OLB Group

A hedge fund recently bought a new stake in OLB Group stock. Citadel Advisors LLC acquired a new stake in OLB Group, Inc. (NASDAQ:OLB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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. Institutional investors and hedge funds own 3.84% of the company’s stock.

OLB Group Stock Up 0.0%

Shares of NASDAQ:OLB traded up $0.00 on Tuesday, hitting $0.31. 62,281 shares of the company traded hands, compared to its average volume of 4,113,324. OLB Group has a 52 week low of $0.31 and a 52 week high of $1.80. The stock has a 50 day simple moving average of $0.40 and a 200-day simple moving average of $0.51. The company has a market cap of $4.55 million, a PE ratio of -0.36 and a beta of 2.04.

OLB Group (NASDAQ:OLB) last posted its earnings results on Friday, May 15th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $1.66 million for the quarter. OLB Group had a negative net margin of 73.19% and a negative return on equity of 96.26%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OLB. Wall Street Zen upgraded OLB Group to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OLB Group in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus 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.