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

XBP Global Holdings, Inc. (NASDAQ:XBP) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 19,319 shares, a decrease of 57.8% from the December 31st total of 45,756 shares. Based on an average daily trading volume, of 43,255 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,255 shares, the days-to-cover ratio is currently 0.4 days.

XBP Global Stock Down 7.7%

XBP Global stock opened at $7.56 on Friday. The firm has a market cap of $88.83 million, a price-to-earnings ratio of -3.44 and a beta of -0.39. XBP Global has a 52-week low of $4.11 and a 52-week high of $25.60. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.70 and a current ratio of 0.73. The firm has a 50 day moving average price of $6.98 and a two-hundred day moving average price of $7.13.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of XBP Global in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, XBP Global presently has a consensus rating of “Sell”.

Institutional Trading of XBP Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. lifted its holdings in shares of 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 purchasing an additional 572,449 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of XBP Global in the third quarter valued at $194,000. Public Employees Retirement System of Ohio bought a new position in shares of XBP Global in the third quarter valued at $31,000. Nomura Holdings Inc. acquired a new position in shares of XBP Global during the third quarter valued at about $863,000. Finally, HoldCo Asset Management LP bought a new stake in shares of XBP Global during the third quarter worth about $6,352,000. 15.72% of the stock is owned by institutional investors.

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.