XBP Global Holdings, Inc. (NASDAQ:XBP) Short Interest Update

XBP Global Holdings, Inc. (NASDAQ:XBP) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 16,573 shares, a decrease of 14.2% from the January 15th total of 19,319 shares. Based on an average trading volume of 15,591 shares, the short-interest ratio is currently 1.1 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 15,591 shares, the short-interest ratio is currently 1.1 days.

XBP Global Stock Performance

Shares of NASDAQ XBP traded down $0.63 during midday trading on Tuesday, hitting $7.10. 5,867 shares of the company’s stock were exchanged, compared to its average volume of 23,738. XBP Global has a 12 month low of $4.11 and a 12 month high of $25.60. The company’s 50 day moving average price is $7.27 and its 200 day moving average price is $7.01. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $83.43 million, a PE ratio of -3.23 and a beta of -0.38.

Institutional Trading of XBP Global

A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of XBP Global during the 3rd quarter worth about $31,000. Clear Harbor Asset Management LLC bought a new position in XBP Global in the 3rd quarter valued at about $42,000. Shay Capital LLC lifted its position in XBP Global by 354.6% during the third 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. Alpine Global Management LLC bought a new stake in shares of XBP Global during the third quarter worth approximately $194,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of XBP Global in the third quarter valued at approximately $504,000. Institutional investors and hedge funds own 15.72% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of XBP Global in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, XBP Global has an average rating of “Sell”.

XBP Global 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. 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.