The OLB Group, Inc. (NASDAQ:OLB) Short Interest Update

The OLB Group, Inc. (NASDAQ:OLB) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,700 shares, a decrease of 86.8% from the March 31st total of 12,900 shares. Based on an average trading volume of 118,000 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of The OLB Group

A hedge fund recently bought a new stake in The OLB Group stock. PNC Financial Services Group Inc. acquired a new position in shares of The OLB Group, Inc. (NASDAQ:OLB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $73,000. PNC Financial Services Group Inc. owned approximately 0.66% of The OLB Group at the end of the most recent reporting period. 3.84% of the stock is owned by hedge funds and other institutional investors.

The OLB Group Price Performance

OLB remained flat at $0.30 during trading on Thursday. 140,715 shares of the company’s stock were exchanged, compared to its average volume of 115,409. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5.45 million, a PE ratio of -0.47 and a beta of 2.46. The company has a 50 day simple moving average of $0.60 and a 200-day simple moving average of $0.71. The OLB Group has a twelve month low of $0.28 and a twelve month high of $1.17.

The OLB Group (NASDAQ:OLB) last issued its quarterly earnings results on Monday, April 15th. The company reported ($0.31) EPS for the quarter. The firm had revenue of $5.91 million for the quarter. The OLB Group had a negative net margin of 75.81% and a negative return on equity of 87.04%.

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.