Short Interest in Global Blue Group Holding AG (NYSE:GB) Decreases By 9.0%

Global Blue Group Holding AG (NYSE:GB) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 71,400 shares, a decline of 9.0% from the November 30th total of 78,500 shares. Based on an average daily volume of 46,800 shares, the short-interest ratio is presently 1.5 days. Approximately 0.1% of the company’s stock are short sold.

Global Blue Group Trading Up 2.7 %

Global Blue Group stock traded up $0.18 during trading hours on Wednesday, reaching $6.93. 36,715 shares of the company’s stock traded hands, compared to its average volume of 36,548. Global Blue Group has a fifty-two week low of $4.10 and a fifty-two week high of $6.97. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 33.00 and a beta of 0.44. The firm’s 50 day moving average is $5.91 and its 200-day moving average is $5.37.

Analysts Set New Price Targets

Separately, Oppenheimer initiated coverage on Global Blue Group in a report on Thursday, October 24th. They set an “outperform” rating and a $6.00 price objective on the stock.

Hedge Funds Weigh In On Global Blue Group

Several hedge funds have recently modified their holdings of the stock. Independent Advisor Alliance acquired a new position in Global Blue Group during the 3rd quarter worth approximately $229,000. Atom Investors LP lifted its holdings in Global Blue Group by 20.2% during the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after purchasing an additional 12,625 shares during the last quarter. Sei Investments Co. lifted its stake in Global Blue Group by 8.6% in the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $527,000 after purchasing an additional 8,646 shares in the last quarter. Finally, Scalar Gauge Management LLC boosted its stake in shares of Global Blue Group by 21.0% in the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock valued at $1,581,000 after purchasing an additional 50,100 shares in the last quarter. Institutional investors own 89.66% of the company’s stock.

About Global Blue Group

Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers in Europe, the Asia Pacific, and internationally. The company operates in three segments: Tax Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).