XBP Global Holdings, Inc. (NASDAQ:XBP) Short Interest Update

XBP Global Holdings, Inc. (NASDAQ:XBP) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 12,659 shares, a decline of 35.1% from the April 15th total of 19,518 shares. Based on an average daily trading volume, of 14,886 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of XBP Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XBP. Allianz Asset Management GmbH bought a new stake in XBP Global during the 3rd quarter worth approximately $1,362,000. Vanguard Group Inc. grew its holdings in shares of XBP Global by 6,119.5% in the third quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock valued at $1,529,000 after acquiring an additional 1,864,748 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of XBP Global in the third quarter valued at approximately $504,000. Shay Capital LLC grew its holdings in shares of XBP Global by 354.6% in the third quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock valued at $81,000 after acquiring an additional 78,001 shares in the last quarter. Finally, Man Group plc bought a new position in shares of XBP Global in the third quarter valued at approximately $1,817,000. 15.72% of the stock is owned by institutional investors.

XBP Global Stock Up 12.3%

XBP traded up $0.25 during midday trading on Tuesday, reaching $2.32. 33,389 shares of the company were exchanged, compared to its average volume of 16,618. The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.71 and a current ratio of 0.74. The company’s fifty day moving average price is $3.58 and its 200 day moving average price is $5.74. The company has a market cap of $27.35 million, a price-to-earnings ratio of -0.71 and a beta of -0.39. XBP Global has a one year low of $2.00 and a one year high of $25.60.

XBP Global (NASDAQ:XBP) last issued its quarterly earnings data on Monday, March 30th. The company reported ($7.75) EPS for the quarter. XBP Global had a return on equity of 1,710.19% and a net margin of 113.74%.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 target price on shares of XBP Global in a research report on Friday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, XBP Global presently has an average rating of “Hold” and an average target price of $5.00.

XBP Global Company Profile

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. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.