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

by · The Cerbat Gem

XBP Global Holdings, Inc. (NASDAQ:XBP – Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 179,739 shares, a drop of 71.6% from the November 30th total of 633,719 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 41,443 shares, the days-to-cover ratio is currently 4.3 days. Based on an average daily volume of 41,443 shares, the days-to-cover ratio is currently 4.3 days. Approximately 1.7% of the company’s stock are short sold.

XBP Global Trading Down 0.7%

XBP opened at $6.43 on Thursday. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.73 and a quick ratio of 0.70. XBP Global has a fifty-two week low of $4.11 and a fifty-two week high of $25.60. The firm has a market capitalization of $75.49 million, a PE ratio of -2.92 and a beta of -0.39. The company’s 50-day moving average is $5.88 and its 200 day moving average is $7.44.

Hedge Funds Weigh In On XBP Global

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of XBP Global in the third quarter valued at about $31,000. Clear Harbor Asset Management LLC bought a new position in shares of XBP Global during the 3rd quarter worth approximately $42,000. Shay Capital LLC boosted its stake in shares of XBP Global by 354.6% in the 3rd quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after buying an additional 78,001 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of XBP Global in the third quarter valued at approximately $194,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of XBP Global during the third quarter valued at approximately $504,000. 15.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XBP. Weiss Ratings restated a “sell (d+)” rating on shares of XBP Global in a research note on Monday, December 15th. Wall Street Zen raised 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 MarketBeat, the company currently has an average rating of “Sell”.

View Our Latest Report on XBP

About XBP Global

(Get Free Report)

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.

Read More