The OLB Group, Inc. (NASDAQ:OLB – Get Free Report) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 88,100 shares, an increase of 26.6% from the January 31st total of 69,600 shares. Based on an average daily volume of 52,900 shares, the short-interest ratio is presently 1.7 days. Currently, 6.2% of the shares of the stock are sold short.
Hedge Funds Weigh In On The OLB Group
An institutional investor recently bought a new position in The OLB Group stock. Citadel Advisors LLC purchased a new stake in shares of The OLB Group, Inc. (NASDAQ:OLB – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent quarter. 3.84% of the stock is owned by institutional investors.
The OLB Group Price Performance
Shares of OLB traded down $0.03 during mid-day trading on Thursday, hitting $1.24. 1,809 shares of the company were exchanged, compared to its average volume of 55,186. The stock has a market cap of $2.67 million, a price-to-earnings ratio of -0.22 and a beta of 2.19. The company has a 50 day moving average of $1.57 and a 200-day moving average of $1.92. The OLB Group has a 1-year low of $1.07 and a 1-year 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.
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.
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