XBP Global Holdings, Inc. (NASDAQ:XBP) Short Interest Down 14.2% in January

XBP Global Holdings, Inc. (NASDAQ:XBP) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 16,573 shares, a decline of 14.2% from the January 15th total of 19,319 shares. Based on an average daily volume of 15,591 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 15,591 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of XBP Global in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

XBP Global Stock Up 2.5%

Shares of XBP opened at $7.28 on Thursday. The business’s fifty day moving average price is $7.37 and its two-hundred day moving average price is $6.91. The firm has a market capitalization of $85.54 million, a price-to-earnings ratio of -3.31 and a beta of -0.38. XBP Global has a 52 week low of $4.11 and a 52 week high of $25.60. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.70 and a current ratio of 0.73.

Institutional Trading of XBP Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HoldCo Asset Management LP bought a new position in shares of XBP Global in the 3rd quarter valued at about $6,352,000. Cantor Fitzgerald L. P. boosted its stake in XBP Global by 9.4% in the third quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock valued at $5,356,000 after acquiring an additional 572,449 shares during the last quarter. Man Group plc acquired a new stake in XBP Global during the 3rd quarter worth $1,817,000. Vanguard Group Inc. raised its position in shares of XBP Global by 6,119.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock valued at $1,529,000 after acquiring an additional 1,864,748 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in shares of XBP Global in the 3rd quarter valued at $1,362,000. 15.72% of the stock is owned by institutional investors.

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.