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

XBP Global Holdings, Inc. (NASDAQ:XBP) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 19,319 shares, a decline of 57.8% from the December 31st total of 45,756 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,255 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 43,255 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

XBP Global Trading Up 1.1%

Shares of XBP opened at $8.47 on Thursday. XBP Global has a 52-week low of $4.11 and a 52-week high of $25.60. The stock has a market cap of $99.52 million, a PE ratio of -3.85 and a beta of -0.39. The firm’s fifty day moving average is $6.90 and its two-hundred day moving average is $7.14. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 2.71.

Institutional Trading of XBP Global

A number of hedge funds have recently bought and sold shares of XBP. HoldCo Asset Management LP acquired a new position in shares of XBP Global during the 3rd quarter worth approximately $6,352,000. Man Group plc purchased a new position in XBP Global during the third quarter worth approximately $1,817,000. Vanguard Group Inc. lifted its position in XBP Global by 6,119.5% during the third quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock worth $1,529,000 after buying an additional 1,864,748 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in XBP Global during the third quarter worth $1,362,000. Finally, Bank of America Corp DE grew its holdings in XBP Global by 511,066.0% in the 3rd quarter. Bank of America Corp DE now owns 1,579,503 shares of the company’s stock valued at $1,275,000 after buying an additional 1,579,194 shares in the last quarter. Institutional investors and hedge funds own 15.72% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of XBP Global in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, XBP Global has a consensus rating of “Sell”.

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. 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.