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

Posted by Trevor Kearing on Mar 17th, 2025

The OLB Group, Inc. (NASDAQ:OLB – Get Free Report) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 62,900 shares, a decrease of 28.6% from the February 13th total of 88,100 shares. Approximately 4.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 46,600 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of The OLB Group

An institutional investor recently bought a new position in The OLB Group stock. Citadel Advisors LLC bought a new stake in The OLB Group, Inc. (NASDAQ:OLB – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 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. 3.84% of the stock is currently owned by hedge funds and other institutional investors.

The OLB Group Trading Up 4.7 %

Shares of NASDAQ OLB traded up $0.06 during trading on Monday, hitting $1.33. 5,918 shares of the company were exchanged, compared to its average volume of 48,930. The OLB Group has a 12-month low of $1.07 and a 12-month 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 company has a fifty day moving average price of $1.47 and a 200-day moving average price of $1.86. The firm has a market capitalization of $2.86 million, a PE ratio of -0.24 and a beta of 2.19.

The OLB Group Company Profile

(Get Free Report)

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.