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

XBP Global Holdings, Inc. (NASDAQ:XBP) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 45,756 shares, a decline of 74.5% from the December 15th total of 179,739 shares. Based on an average daily trading volume, of 23,091 shares, the short-interest ratio is presently 2.0 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 23,091 shares, the short-interest ratio is presently 2.0 days.

XBP Global Stock Performance

NASDAQ XBP opened at $7.75 on Thursday. XBP Global has a 1-year low of $4.11 and a 1-year high of $25.60. The company has a 50 day moving average of $6.49 and a 200-day moving average of $7.18. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 2.71. The firm has a market cap of $91.06 million, a price-to-earnings ratio of -3.52 and a beta of -0.39.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on XBP shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XBP Global in a report on Monday, December 29th. Wall Street Zen upgraded shares of XBP Global to a “hold” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of XBP Global

Several large investors have recently made changes to their positions in XBP. HoldCo Asset Management LP acquired a new stake in shares of XBP Global in the third quarter valued at $6,352,000. Cantor Fitzgerald L. P. lifted its position in shares of 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 purchasing an additional 572,449 shares in the last quarter. Man Group plc bought a new stake in shares of XBP Global during the third quarter valued at approximately $1,817,000. Vanguard Group Inc. increased its holdings in shares of XBP Global by 6,119.5% in the third quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock valued at $1,529,000 after purchasing an additional 1,864,748 shares in the last quarter. Finally, Allianz Asset Management GmbH bought a new position in XBP Global in the 3rd quarter worth approximately $1,362,000. Institutional investors own 15.72% of the company’s stock.

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.