Short Interest in The OLB Group, Inc. (NASDAQ:OLB) Rises By 28.2%

The OLB Group, Inc. (NASDAQ:OLB) was the recipient of a significant 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. Currently, 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 65,800 shares, the days-to-cover ratio is presently 0.3 days.

The OLB Group Stock Down 5.6 %

NASDAQ OLB opened at $1.68 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $3.62 million, a PE ratio of -0.30 and a beta of 2.33. The OLB Group has a 1 year low of $1.36 and a 1 year high of $11.70. The business’s 50-day moving average is $2.02 and its 200 day moving average is $2.39.

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.