XBP Europe Holdings, Inc. (NASDAQ:XBP) Short Interest Down 48.0% in April

XBP Europe Holdings, Inc. (NASDAQ:XBP) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 7,800 shares, a drop of 48.0% from the March 31st total of 15,000 shares. Based on an average trading volume of 24,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of XBP Europe

An institutional investor recently bought a new position in XBP Europe stock. Cantor Fitzgerald L. P. purchased a new position in shares of XBP Europe Holdings, Inc. (NASDAQ:XBP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,601,904 shares of the company’s stock, valued at approximately $34,990,000. XBP Europe makes up 7.3% of Cantor Fitzgerald L. P.’s holdings, making the stock its 4th largest holding. Cantor Fitzgerald L. P. owned about 80.22% of XBP Europe as of its most recent SEC filing. Institutional investors own 15.72% of the company’s stock.

XBP Europe Stock Performance

Shares of XBP opened at $1.26 on Friday. XBP Europe has a 52-week low of $1.14 and a 52-week high of $47.40. The firm has a fifty day simple moving average of $2.07.

XBP Europe 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.