The OLB Group, Inc. (NASDAQ:OLB) Sees Significant Drop in Short Interest

The OLB Group, Inc. (NASDAQ:OLB) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 46,800 shares, a decrease of 25.6% from the February 28th total of 62,900 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 44,600 shares, the days-to-cover ratio is currently 1.0 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 position in shares of The OLB Group, Inc. (NASDAQ:OLB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 17,608 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 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.

The OLB Group Trading Down 0.5 %

Shares of OLB stock opened at $1.24 on Friday. The OLB Group has a 12 month low of $1.07 and a 12 month high of $7.70. The company has a market cap of $2.66 million, a PE ratio of -0.22 and a beta of 2.19. 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 business’s 50 day moving average is $1.34 and its two-hundred day moving average is $1.81.

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.