XBP Global Holdings, Inc. (NASDAQ:XBP) Sees Large Decline in Short Interest

XBP Global Holdings, Inc. (NASDAQ:XBP) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 12,659 shares, a drop of 35.1% from the April 15th total of 19,518 shares. Based on an average daily volume of 14,886 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price objective on shares of XBP Global in a report on Friday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.00.

Institutional Trading of XBP Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alpine Global Management LLC acquired a new stake in shares of XBP Global in the third quarter valued at about $194,000. HoldCo Asset Management LP acquired a new position in XBP Global during the third quarter worth approximately $6,352,000. Cantor Fitzgerald L. P. increased its position in XBP Global by 9.4% during the third quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock worth $5,356,000 after buying an additional 572,449 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in shares of XBP Global in the third quarter valued at $1,362,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of XBP Global in the third quarter valued at $504,000. Institutional investors and hedge funds own 15.72% of the company’s stock.

XBP Global Trading Down 2.8%

Shares of NASDAQ:XBP traded down $0.06 during mid-day trading on Monday, reaching $2.06. The stock had a trading volume of 5,176 shares, compared to its average volume of 16,428. The firm has a market cap of $24.25 million, a PE ratio of -0.94 and a beta of -0.39. XBP Global has a twelve month low of $2.00 and a twelve month high of $25.60. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 4.12. The firm has a 50 day simple moving average of $3.67 and a two-hundred day simple moving average of $5.76.

XBP Global (NASDAQ:XBP) last issued its quarterly earnings data on Monday, March 30th. The company reported ($7.75) EPS for the quarter. XBP Global had a return on equity of 1,710.19% and a net margin of 113.74%.

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.