The OLB Group, Inc. (NASDAQ:OLB) Sees Large Decline in Short Interest

The OLB Group, Inc. (NASDAQ:OLB) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 46,800 shares, a drop of 25.6% from the February 28th total of 62,900 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average daily trading volume, of 44,600 shares, the days-to-cover ratio is currently 1.0 days.

The OLB Group Stock Down 3.9 %

The OLB Group stock traded down $0.05 during midday trading on Monday, reaching $1.19. The stock had a trading volume of 8,750 shares, compared to its average volume of 41,662. The OLB Group has a 1-year low of $1.07 and a 1-year high of $7.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. The firm’s fifty day simple moving average is $1.34 and its 200-day simple moving average is $1.80. The stock has a market capitalization of $2.56 million, a P/E ratio of -0.21 and a beta of 2.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in The OLB Group stock. Citadel Advisors LLC purchased a new position in shares of The OLB Group, Inc. (NASDAQ:OLB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,608 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned approximately 0.82% of The OLB Group at the end of the most recent reporting period. Institutional investors and hedge funds own 3.84% of the company’s stock.

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.