The OLB Group, Inc. (NASDAQ:OLB) Short Interest Down 19.7% in January

The OLB Group, Inc. (NASDAQ:OLB) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 17,900 shares, a drop of 19.7% from the December 31st total of 22,300 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 90,300 shares, the days-to-cover ratio is presently 0.2 days.

The OLB Group Stock Down 12.3 %

OLB stock traded down $0.19 during midday trading on Friday, reaching $1.35. 62,220 shares of the company’s stock traded hands, compared to its average volume of 86,596. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $1.78 and its 200-day moving average price is $2.10. The company has a market cap of $2.90 million, a price-to-earnings ratio of -0.24 and a beta of 2.24. The OLB Group has a 52 week low of $1.12 and a 52 week high of $8.52.

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.