Short Interest in XBP Global Holdings, Inc. (NASDAQ:XBP) Declines By 35.5%

XBP Global Holdings, Inc. (NASDAQ:XBPGet Free Report) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 20,314 shares, a drop of 35.5% from the May 14th total of 31,508 shares. Based on an average daily trading volume, of 28,944 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

XBP Global Stock Down 2.1%

XBP stock opened at $2.35 on Wednesday. The business’s 50-day moving average price is $2.69 and its 200-day moving average price is $5.22. The stock has a market cap of $27.66 million, a P/E ratio of -0.72 and a beta of -0.43. XBP Global has a twelve month low of $2.00 and a twelve month high of $25.60. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 5.67.

XBP Global (NASDAQ:XBPGet Free Report) last issued its 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%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of XBP Global in a research report on Friday, May 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 price objective on shares of XBP Global in a research report on Friday, May 15th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Get Our Latest Analysis on XBP

Insider Activity at XBP Global

In other XBP Global news, Director Randal T. Klein acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of $2.44 per share, with a total value of $61,000.00. Following the completion of the transaction, the director directly owned 40,000 shares of the company’s stock, valued at approximately $97,600. This represents a 166.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.40% of the stock is owned by company insiders.

Institutional Trading of XBP Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in XBP. Vanguard Group Inc. raised its stake in 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 purchasing an additional 1,864,748 shares during the period. Jefferies Financial Group Inc. bought a new stake in XBP Global in the 3rd quarter worth approximately $504,000. Shay Capital LLC increased its stake in XBP Global by 354.6% in the 3rd quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after acquiring an additional 78,001 shares during the last quarter. Man Group plc bought a new stake in XBP Global in the 3rd quarter worth approximately $1,817,000. Finally, Cantor Fitzgerald L. P. increased its stake in XBP Global by 9.4% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock worth $5,356,000 after acquiring an additional 572,449 shares during the last quarter. Institutional investors own 15.72% of the company’s stock.

XBP Global Company Profile

(Get Free Report)

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.

Further Reading

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