XBP Global Holdings, Inc. (NASDAQ:XBP) Sees Significant Decline in Short Interest

XBP Global Holdings, Inc. (NASDAQ:XBP) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 20,314 shares, a decline of 35.5% from the May 14th total of 31,508 shares. Based on an average daily trading volume, of 28,944 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

XBP has been the subject of several research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price objective on shares of XBP Global in a report on Friday, May 15th. Weiss Ratings reissued a “sell (d)” rating on shares of XBP Global in a report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.00.

Insider Buying and Selling at XBP Global

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

Institutional Investors Weigh In On XBP Global

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

XBP Global Stock Down 2.0%

Shares of NASDAQ XBP opened at $2.40 on Tuesday. The firm’s 50-day moving average price is $2.71 and its 200-day moving average price is $5.25. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 5.67. The stock has a market capitalization of $28.25 million, a price-to-earnings ratio of -0.73 and a beta of -0.43. XBP Global has a 12-month low of $2.00 and a 12-month high of $25.60.

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 return on equity of 1,645.47% and a net margin of 130.26%.

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.