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

XBP Global Holdings, Inc. (NASDAQ:XBP) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 19,518 shares, an increase of 36.3% from the March 31st total of 14,323 shares. Based on an average trading volume of 16,603 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of XBP Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of XBP Global during the 3rd quarter worth about $31,000. Clear Harbor Asset Management LLC bought a new stake in shares of XBP Global during the 3rd quarter worth about $42,000. Shay Capital LLC boosted its holdings 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 during the period. Alpine Global Management LLC bought a new stake in shares of XBP Global during the 3rd quarter worth about $194,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of XBP Global during the 3rd quarter worth about $504,000. Institutional investors own 15.72% of the company’s stock.

XBP Global Stock Performance

Shares of XBP traded down $0.04 during midday trading on Thursday, reaching $2.87. The stock had a trading volume of 1,450 shares, compared to its average volume of 16,693. The firm has a 50 day simple moving average of $4.61 and a 200-day simple moving average of $5.95. XBP Global has a one year low of $2.50 and a one year high of $25.60. The firm has a market cap of $33.83 million, a PE ratio of -1.31 and a beta of -0.15. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 4.12.

Analyst Ratings Changes

Separately, Cantor Fitzgerald began coverage on shares of XBP Global in a research report on Wednesday, April 15th. They issued an “overweight” rating and a $5.00 price objective for the company. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, XBP Global currently has a consensus 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.