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

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

XBP Global Price Performance

XBP Global stock opened at $8.47 on Thursday. The company’s 50 day simple moving average is $6.90 and its 200-day simple moving average is $7.14. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.70 and a current ratio of 0.73. XBP Global has a 1 year low of $4.11 and a 1 year high of $25.60. The company has a market capitalization of $99.52 million, a price-to-earnings ratio of -3.85 and a beta of -0.39.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. HoldCo Asset Management LP purchased a new stake in shares of XBP Global in the 3rd quarter valued at $6,352,000. Cantor Fitzgerald L. P. grew its position in XBP Global by 9.4% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock valued at $5,356,000 after acquiring an additional 572,449 shares in the last quarter. Man Group plc purchased a new stake in XBP Global during the third quarter worth about $1,817,000. Vanguard Group Inc. increased its stake in XBP Global by 6,119.5% during the third quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock worth $1,529,000 after purchasing an additional 1,864,748 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in shares of XBP Global during the third quarter worth about $1,362,000. 15.72% of the stock is currently owned by hedge funds and other 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.