OLB Group, Inc. (NASDAQ:OLB – Get Free Report) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 1,792,006 shares, a growth of 890.4% from the September 30th total of 180,942 shares. Based on an average daily volume of 136,092,922 shares, the short-interest ratio is currently 0.0 days. Approximately 18.7% of the company’s stock are short sold.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of OLB Group in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.
View Our Latest Analysis on OLB Group
OLB Group Price Performance
NASDAQ: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 market cap of $6.77 million, a price-to-earnings ratio of -0.97 and a beta of 2.17. OLB Group has a one year low of $0.18 and a one year high of $1.80. The business’s 50-day moving average is $0.31 and its 200-day moving average is $0.45.
OLB Group (NASDAQ:OLB – Get Free Report) last posted its earnings results on Friday, August 14th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. OLB Group had a negative return on equity of 76.38% and a negative net margin of 68.26%. The company had revenue of $1.28 million for the quarter, compared to analyst estimates 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.
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