XBP Global Holdings, Inc. (NASDAQ:XBP) Short Interest Up 148.9% in May

XBP Global Holdings, Inc. (NASDAQ:XBP) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 31,508 shares, a growth of 148.9% from the April 30th total of 12,659 shares. Based on an average daily volume of 15,085 shares, the short-interest ratio is presently 2.1 days. Currently, 0.4% of the company’s stock are sold short.

XBP Global Price Performance

Shares of XBP opened at $2.40 on Tuesday. XBP Global has a 1 year low of $2.00 and a 1 year high of $25.60. The company has a debt-to-equity ratio of 5.67, a current ratio of 0.67 and a quick ratio of 0.64. The business has a 50-day moving average of $3.04 and a 200-day moving average of $5.52. The company has a market capitalization of $28.25 million, a price-to-earnings ratio of -0.73 and a beta of -0.43.

XBP Global (NASDAQ:XBP) last issued its earnings results on Monday, March 30th. The company reported ($7.75) EPS for the quarter. XBP Global had a net margin of 130.26% and a return on equity of 1,645.47%.

Insiders Place Their Bets

In other news, Director Randal T. Klein bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $2.44 per share, for a total transaction of $61,000.00. Following the purchase, the director owned 40,000 shares of the company’s stock, valued at approximately $97,600. This trade represents a 166.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 31.40% of the stock is currently owned by corporate insiders.

Institutional Trading of XBP Global

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in shares of XBP Global during the third quarter valued at about $31,000. Shay Capital LLC lifted its position in shares of XBP Global by 354.6% during the 3rd quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after buying an additional 78,001 shares in the last quarter. Alpine Global Management LLC purchased a new position in shares of XBP Global in the 3rd quarter worth approximately $194,000. Cantor Fitzgerald L. P. grew its holdings in shares of XBP Global by 9.4% in the third quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock valued at $5,356,000 after acquiring an additional 572,449 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of XBP Global during the third quarter valued at approximately $504,000. Hedge funds and other institutional investors own 15.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price target on shares of XBP Global in a research report on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of XBP Global in a research note on Friday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.