Short Interest in XBP Global Holdings, Inc. (NASDAQ:XBP) Increases By 148.9%

XBP Global Holdings, Inc. (NASDAQ:XBP) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 31,508 shares, an increase of 148.9% from the April 30th total of 12,659 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 15,085 shares, the short-interest ratio is presently 2.1 days.

XBP Global Stock Up 3.3%

NASDAQ XBP opened at $2.53 on Monday. The stock has a fifty day moving average of $3.08 and a 200-day moving average of $5.54. The stock has a market capitalization of $29.79 million, a P/E ratio of -0.74 and a beta of -0.43. XBP Global has a 52 week low of $2.00 and a 52 week high of $25.60. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.64 and a current ratio of 0.67.

XBP Global (NASDAQ:XBP) last released its quarterly earnings data on Monday, March 30th. The company reported ($7.75) EPS for the quarter. XBP Global had a net margin of 130.26% and a return on equity of 1,645.47%.

Insiders Place Their Bets

In other XBP Global news, Director Randal T. Klein acquired 25,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $2.44 per share, with a total value of $61,000.00. Following the acquisition, the director owned 40,000 shares of the company’s stock, valued at $97,600. This trade represents a 166.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 31.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH bought a new position in XBP Global in the third quarter valued at about $1,362,000. Vanguard Group Inc. increased its stake in shares of XBP Global by 6,119.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock valued at $1,529,000 after acquiring an additional 1,864,748 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of XBP Global during the 3rd quarter valued at $504,000. Shay Capital LLC lifted its position in shares of XBP Global by 354.6% during the 3rd quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock valued at $81,000 after acquiring an additional 78,001 shares during the period. Finally, Man Group plc bought a new position in XBP Global during the third quarter worth $1,817,000. Institutional investors own 15.72% of the company’s stock.

Analyst Ratings Changes

XBP has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price target on shares of XBP Global in a report on Friday, May 15th. Weiss Ratings reissued a “sell (d)” rating on shares of XBP Global in a research report on Friday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, XBP Global has a consensus rating of “Hold” and an average price target of $5.00.

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.