The OLB Group, Inc. (NASDAQ:OLB) Sees Significant Increase in Short Interest

The OLB Group, Inc. (NASDAQ:OLB) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 21,800 shares, a growth of 28.2% from the November 15th total of 17,000 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average trading volume of 65,800 shares, the short-interest ratio is presently 0.3 days.

The OLB Group Trading Down 5.6 %

OLB stock traded down $0.10 during midday trading on Friday, hitting $1.68. 21,900 shares of the company’s stock were exchanged, compared to its average volume of 30,636. The OLB Group has a one year low of $1.36 and a one year high of $11.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $3.62 million, a PE ratio of -0.30 and a beta of 2.33. The stock’s fifty day moving average price is $2.02 and its 200-day moving average price is $2.41.

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.