XBP Global Holdings, Inc. (NASDAQ:XBP) Sees Large Drop in Short Interest

XBP Global Holdings, Inc. (NASDAQ:XBP) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 41,200 shares, a decrease of 49.9% from the August 31st total of 82,200 shares. Based on an average daily volume of 3,060,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,060,000 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of XBP Global in a report on Saturday, September 27th. Wall Street Zen upgraded XBP Global to a “hold” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, XBP Global presently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, Director Randal T. Klein purchased 150,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average cost of $0.54 per share, with a total value of $81,000.00. Following the acquisition, the director owned 150,000 shares in the company, valued at approximately $81,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.50% of the company’s stock.

XBP Global Stock Down 1.6%

XBP stock opened at $0.76 on Friday. XBP Global has a one year low of $0.42 and a one year high of $2.56. The firm has a 50-day moving average of $0.77 and a two-hundred day moving average of $0.96.

XBP Global (NASDAQ:XBP) last issued its earnings results on Thursday, August 14th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $39.62 million during the quarter.

About XBP Global

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.