XBP Global Holdings, Inc. (NASDAQ:XBP) Short Interest Up 58.0% in August

XBP Global Holdings, Inc. (NASDAQ:XBP) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 29,454 shares, a growth of 58.0% from the August 15th total of 18,642 shares. Based on an average trading volume of 27,318 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the shares of the company are sold short.

Insider Buying and Selling at XBP Global

In related news, CEO Andrej Jonovic acquired 31,500 shares of XBP Global stock in a transaction dated Tuesday, September 15th. The stock was purchased at an average cost of $2.83 per share, for a total transaction of $89,145.00. Following the purchase, the chief executive officer directly owned 244,700 shares of the company’s stock, valued at approximately $692,501. This trade represents a 14.77% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Par Chadha acquired 204,946 shares of XBP Global stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $2.83 per share, with a total value of $579,997.18. Following the completion of the purchase, the director directly owned 204,946 shares in the company, valued at $579,997.18. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 245,279 shares of company stock worth $694,140 in the last quarter. Corporate insiders own 31.40% of the company’s stock.

XBP Global Price Performance

Shares of NASDAQ:XBP opened at $3.18 on Friday. The company has a debt-to-equity ratio of 7.59, a current ratio of 0.64 and a quick ratio of 0.60. XBP Global has a 1-year low of $2.00 and a 1-year high of $13.00. The company has a market capitalization of $37.78 million, a P/E ratio of -0.86 and a beta of -0.45. The firm’s 50 day simple moving average is $2.93 and its two-hundred day simple moving average is $3.14.

XBP Global (NASDAQ:XBP) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($1.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.04) by ($0.38). XBP Global had a return on equity of 1,328.38% and a net margin of 134.88%.The firm had revenue of $191.31 million during the quarter, compared to analysts’ expectations of $197.70 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of XBP Global in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, XBP Global has a consensus rating of “Hold” and a consensus price target of $5.00.

XBP Global Company Profile

XBP Global Holdings, Inc is a business process management and automation company that helps organizations digitize, streamline and manage document-intensive workflows. Its services are designed to improve the processing of business information and transactions across functions such as accounts payable, accounts receivable, payments, claims and customer communications.

The company combines software, data capture, workflow automation and managed services to support enterprises and public-sector organizations.