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

XBP Global Holdings, Inc. (NASDAQ:XBP) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 12,659 shares, a decrease of 35.1% from the April 15th total of 19,518 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,886 shares, the short-interest ratio is currently 0.9 days.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 target price on shares of XBP Global in a research note on Friday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, XBP Global presently has a consensus rating of “Hold” and an average price target of $5.00.

Institutional Trading of XBP Global

A number of hedge funds have recently modified their holdings of XBP. Cantor Fitzgerald L. P. raised its stake in XBP Global by 9.4% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock worth $5,356,000 after buying an additional 572,449 shares during the period. Alpine Global Management LLC acquired a new stake in XBP Global during the 3rd quarter worth approximately $194,000. Public Employees Retirement System of Ohio acquired a new stake in shares of XBP Global in the 3rd quarter valued at about $31,000. Nomura Holdings Inc. acquired a new stake in shares of XBP Global in the 3rd quarter valued at about $863,000. Finally, HoldCo Asset Management LP acquired a new stake in shares of XBP Global in the 3rd quarter valued at about $6,352,000. 15.72% of the stock is currently owned by institutional investors and hedge funds.

XBP Global Stock Down 2.8%

Shares of XBP traded down $0.06 during trading hours on Monday, reaching $2.06. The company’s stock had a trading volume of 5,176 shares, compared to its average volume of 16,428. The firm has a market cap of $24.25 million, a price-to-earnings ratio of -0.94 and a beta of -0.39. XBP Global has a 1-year low of $2.00 and a 1-year high of $25.60. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 4.12. The company has a 50 day moving average of $3.67 and a two-hundred day moving average of $5.76.

XBP Global (NASDAQ:XBP) last issued its earnings results on Monday, March 30th. The company reported ($7.75) earnings per share for the quarter. XBP Global had a net margin of 113.74% and a return on equity of 1,710.19%.

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.