Short Interest in The OLB Group, Inc. (NASDAQ:OLB) Declines By 28.6%

The OLB Group, Inc. (NASDAQ:OLB) saw a significant decrease in short interest in 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. Based on an average daily volume of 46,600 shares, the short-interest ratio is currently 1.3 days. Approximately 4.4% of the shares of the stock are short sold.

The OLB Group Price Performance

Shares of The OLB Group stock traded down $0.08 during midday trading on Tuesday, reaching $1.25. The company had a trading volume of 6,199 shares, compared to its average volume of 48,092. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $1.46 and a 200 day simple moving average of $1.86. The OLB Group has a 1-year low of $1.07 and a 1-year high of $7.70. The company has a market capitalization of $2.69 million, a price-to-earnings ratio of -0.22 and a beta of 2.19.

Institutional Investors Weigh In On The OLB Group

A hedge fund recently bought a new stake in The OLB Group stock. Citadel Advisors LLC purchased a new stake in The OLB Group, Inc. (NASDAQ:OLB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 17,608 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.82% of The OLB Group as of its most recent SEC filing. Institutional investors 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.