XBP Global Holdings, Inc. (NASDAQ:XBP – Get Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 31,508 shares, a growth of 148.9% from the April 30th total of 12,659 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 15,085 shares, the days-to-cover ratio is currently 2.1 days.
Analyst Ratings Changes
Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price target on shares of XBP Global in a research note on Friday, May 15th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.00.
Insider Activity
Institutional Investors Weigh In On XBP Global
Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in XBP Global during the 3rd quarter worth approximately $31,000. Shay Capital LLC increased its stake in XBP Global by 354.6% during the 3rd quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after buying an additional 78,001 shares during the period. Alpine Global Management LLC purchased a new stake in XBP Global during the 3rd quarter worth approximately $194,000. Jefferies Financial Group Inc. purchased a new stake in XBP Global during the 3rd quarter worth approximately $504,000. Finally, Nomura Holdings Inc. purchased a new stake in XBP Global during the 3rd quarter worth approximately $863,000. 15.72% of the stock is owned by hedge funds and other institutional investors.
XBP Global Price Performance
XBP Global stock opened at $2.45 on Friday. The company’s 50 day simple moving average is $3.08 and its 200-day simple moving average is $5.54. The company has a market capitalization of $28.84 million, a price-to-earnings ratio of -0.75 and a beta of -0.39. XBP Global has a 1 year low of $2.00 and a 1 year high of $25.60. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.64 and a current ratio of 0.67.
XBP Global (NASDAQ:XBP – Get Free Report) last released its quarterly earnings results on Monday, March 30th. The company reported ($7.75) earnings per share (EPS) for the quarter. XBP Global had a net margin of 130.26% and a return on equity of 1,645.47%.
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.
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