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

The OLB Group, Inc. (NASDAQ:OLB) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 5,400 shares, a growth of 22.7% from the October 15th total of 4,400 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 35,200 shares, the days-to-cover ratio is currently 0.2 days.

The OLB Group Stock Up 2.2 %

Shares of NASDAQ:OLB traded up $0.04 on Friday, hitting $1.89. 77,168 shares of the company traded hands, compared to its average volume of 146,493. The OLB Group has a 52 week low of $1.64 and a 52 week high of $11.70. The stock has a 50 day simple moving average of $2.26 and a 200-day simple moving average of $2.74. The company has a market cap of $3.40 million, a PE ratio of -0.33 and a beta of 2.38.

The OLB Group (NASDAQ:OLB) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($1.49) earnings per share for the quarter. The OLB Group had a negative net margin of 155.02% and a negative return on equity of 234.52%. The company had revenue of $3.52 million for the quarter.

About The OLB Group

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.