OLB Group, Inc. (NASDAQ:OLB) Shares Shorted: Short Interest Down 46.9% in September

OLB Group, Inc. (NASDAQ:OLB – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 186,179 shares, a decrease of 46.9% from the August 31st total of 350,872 shares. Based on an average daily trading volume, of 37,778,013 shares, the short-interest ratio is presently 0.0 days. Approximately 1.9% of the shares of the company are short sold.

OLB Group Stock Performance

Shares of OLB stock traded up $0.00 during trading on Wednesday, reaching $0.19. 263,664 shares of the company’s stock traded hands, compared to its average volume of 20,037,124. The firm’s 50-day moving average is $0.28 and its 200 day moving average is $0.39. OLB Group has a 1 year low of $0.18 and a 1 year high of $1.80.

OLB Group (NASDAQ:OLB – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. OLB Group had a negative net margin of 68.26% and a negative return on equity of 76.38%. The company had revenue of $1.28 million during the quarter, compared to the consensus estimate of $2.10 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of OLB Group in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, OLB Group presently has an average rating of “Sell”.

Read Our Latest Stock Report on OLB

OLB Group Company Profile

(Get Free Report)

The OLB Group, Inc is a financial technology company that provides integrated payment-processing and commerce solutions for small and midsized merchants. Its services are designed to help businesses accept and manage transactions across physical stores, websites and mobile channels.

The company’s offerings include cloud-based point-of-sale and business-management software, payment acceptance, e-commerce capabilities, mobile commerce tools and related merchant services. Through its OmniSoft platform and other technology solutions, OLB seeks to combine payments with functions such as transaction reporting, customer management and operational support.

OLB Group is based in New York and has focused primarily on serving merchants in the United States.

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