Short Interest in XBP Europe Holdings, Inc. (NASDAQ:XBP) Drops By 48.0%

XBP Europe Holdings, Inc. (NASDAQ:XBP) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 7,800 shares, a drop of 48.0% from the March 31st total of 15,000 shares. Based on an average daily trading volume, of 24,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in XBP Europe stock. Cantor Fitzgerald L. P. bought a new stake in XBP Europe Holdings, Inc. (NASDAQ:XBP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,601,904 shares of the company’s stock, valued at approximately $34,990,000. XBP Europe accounts for approximately 7.3% of Cantor Fitzgerald L. P.’s holdings, making the stock its 4th largest position. Cantor Fitzgerald L. P. owned about 80.22% of XBP Europe at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.72% of the company’s stock.

XBP Europe Stock Performance

Shares of NASDAQ:XBP opened at $1.26 on Friday. The company has a 50-day simple moving average of $2.07. XBP Europe has a 52-week low of $1.14 and a 52-week high of $47.40.

About XBP Europe

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries.