Global Blue Group Holding AG (NYSE:GB) Short Interest Down 9.0% in December

Global Blue Group Holding AG (NYSE:GB) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 71,400 shares, a decrease of 9.0% from the November 30th total of 78,500 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 46,800 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On Global Blue Group

Large investors have recently modified their holdings of the company. Independent Advisor Alliance purchased a new stake in Global Blue Group during the 3rd quarter valued at approximately $229,000. Atom Investors LP raised its stake in shares of Global Blue Group by 20.2% during the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock worth $410,000 after purchasing an additional 12,625 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Global Blue Group by 8.6% during the second quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $527,000 after purchasing an additional 8,646 shares during the period. Finally, Scalar Gauge Management LLC grew its position in Global Blue Group by 21.0% in the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock valued at $1,581,000 after buying an additional 50,100 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Global Blue Group Stock Performance

Shares of Global Blue Group stock traded up $0.18 on Wednesday, hitting $6.93. The stock had a trading volume of 36,715 shares, compared to its average volume of 36,548. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 33.00 and a beta of 0.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30. Global Blue Group has a 52-week low of $4.10 and a 52-week high of $6.97. The company’s 50 day moving average price is $5.91 and its 200 day moving average price is $5.37.

Analyst Upgrades and Downgrades

Separately, Oppenheimer assumed coverage on shares of Global Blue Group in a report on Thursday, October 24th. They issued an “outperform” rating and a $6.00 target price for the company.

About Global Blue Group

Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers in Europe, the Asia Pacific, and internationally. The company operates in three segments: Tax Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).