The OLB Group, Inc. (NASDAQ:OLB) Short Interest Up 22.7% in October

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

The OLB Group Stock Down 3.2 %

Shares of OLB traded down $0.06 during mid-day trading on Friday, hitting $1.79. The company had a trading volume of 59,655 shares, compared to its average volume of 29,267. The OLB Group has a 1-year low of $1.64 and a 1-year high of $11.70. The stock has a market cap of $3.22 million, a PE ratio of -0.28 and a beta of 2.38. The business’s 50-day simple moving average is $2.26 and its 200-day simple moving average is $2.78.

The OLB Group (NASDAQ:OLB) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($1.49) earnings per share for the quarter. The company had revenue of $3.52 million for the quarter. The OLB Group had a negative net margin of 110.49% and a negative return on equity of 161.91%.

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.