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 in January. As of January 15th, there was short interest totalling 17,900 shares, a decrease of 19.7% from the December 31st total of 22,300 shares. Based on an average daily volume of 90,300 shares, the short-interest ratio is currently 0.2 days. Currently, 1.2% of the company’s stock are sold short.

The OLB Group Price Performance

Shares of OLB stock traded up $0.03 during mid-day trading on Monday, hitting $1.38. 41,479 shares of the stock were exchanged, compared to its average volume of 95,628. The firm has a fifty day moving average of $1.78 and a 200 day moving average of $2.08. 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 OLB Group has a 52-week low of $1.12 and a 52-week high of $8.20. The company has a market cap of $2.96 million, a PE ratio of -0.24 and a beta of 2.24.

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.