OLB Group, Inc. (NASDAQ:OLB) Stock Short Interest Report for October

OLB Group, Inc. (NASDAQ:OLB) was the recipient of a significant 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. Approximately 18.7% of the shares of the company are sold short. Based on an average daily volume of 136,092,922 shares, the short-interest ratio is currently 0.0 days.

OLB Group Trading Up 0.4%

Shares of NASDAQ:OLB traded up $0.00 on Tuesday, reaching $0.28. 80,012 shares of the company were exchanged, compared to its average volume of 12,191,829. The company has a 50-day moving average of $0.31 and a 200-day moving average of $0.45. The firm has a market cap of $6.80 million, a price-to-earnings ratio of -0.98 and a beta of 2.17. OLB Group has a 1-year low of $0.18 and a 1-year high of $1.80.

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

Analyst Ratings Changes

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

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.