XBP Europe Holdings, Inc. (NASDAQ:XBP) Sees Large Drop in Short Interest

XBP Europe Holdings, Inc. (NASDAQ:XBP) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 7,800 shares, a decrease 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. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in XBP Europe stock. Cantor Fitzgerald L. P. purchased a new stake in XBP Europe Holdings, Inc. (NASDAQ:XBP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 biggest position. Cantor Fitzgerald L. P. owned 80.22% of XBP Europe at the end of the most recent quarter. Hedge funds and other institutional investors own 15.72% of the company’s stock.

XBP Europe Price Performance

NASDAQ:XBP opened at $1.50 on Friday. The business has a fifty day simple moving average of $2.04. XBP Europe has a 1 year low of $1.14 and a 1 year high of $47.40.

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.