OLB Group, Inc. (NASDAQ:OLB) Short Interest Down 37.8% in July

OLB Group, Inc. (NASDAQ:OLB) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 201,238 shares, a decline of 37.8% from the July 15th total of 323,610 shares. Currently, 3.4% of the company’s stock are sold short. Based on an average daily trading volume, of 120,577 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OLB shares. Weiss Ratings reissued a “sell (e+)” rating on shares of OLB Group in a research report on Monday, August 3rd. Wall Street Zen raised shares of OLB Group to a “sell” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in OLB Group stock. Citadel Advisors LLC acquired a new stake in OLB Group, Inc. (NASDAQ:OLB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 32,703 shares of the company’s stock, valued at approximately $38,000. Citadel Advisors LLC owned 0.37% of OLB Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.84% of the company’s stock.

OLB Group Stock Performance

NASDAQ:OLB opened at $0.28 on Thursday. OLB Group has a 52 week low of $0.24 and a 52 week high of $1.80. The firm has a 50-day moving average price of $0.35 and a two-hundred day moving average price of $0.47. The firm has a market cap of $6.75 million, a price-to-earnings ratio of -0.32 and a beta of 2.05.

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

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.