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

The OLB Group, Inc. (NASDAQ:OLB) saw 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. Approximately 3.8% of the shares of the stock are short sold. Based on an average daily volume of 689,300 shares, the days-to-cover ratio is presently 0.1 days.

The OLB Group Price Performance

The OLB Group stock traded up $0.05 during trading hours on Monday, hitting $1.99. The stock had a trading volume of 66,016 shares, compared to its average volume of 419,887. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. 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 stock’s fifty day moving average is $1.49 and its two-hundred day moving average is $1.51. The OLB Group has a 1-year low of $1.00 and a 1-year high of $4.00.

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

Hedge Funds Weigh In On The OLB Group

A hedge fund recently bought a new stake in The OLB Group stock. Citadel Advisors LLC purchased a new position in The OLB Group, Inc. (NASDAQ:OLB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,608 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.82% of The OLB Group at the end of the most recent quarter. Institutional investors own 3.84% of the company’s stock.

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.