The OLB Group, Inc. (NASDAQ:OLB) Short Interest Down 25.6% in March

The OLB Group, Inc. (NASDAQ:OLB) was the recipient of a significant decrease in short interest in 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. Based on an average daily volume of 44,600 shares, the days-to-cover ratio is presently 1.0 days. Approximately 3.3% of the company’s stock are sold short.

The OLB Group Stock Up 0.8 %

The OLB Group stock traded up $0.01 during mid-day trading on Tuesday, hitting $1.20. The company had a trading volume of 9,226 shares, compared to its average volume of 41,130. The stock has a market cap of $2.58 million, a price-to-earnings ratio of -0.21 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 OLB Group has a 1 year low of $1.07 and a 1 year high of $7.70. The business has a fifty day moving average of $1.32 and a 200 day moving average of $1.79.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in The OLB Group stock. Citadel Advisors LLC acquired a new position in shares of The OLB Group, Inc. (NASDAQ:OLB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 filing with the Securities & Exchange Commission. 3.84% of the stock is currently owned by hedge funds and other institutional investors.

The OLB Group Company Profile

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.