XBP Global Holdings, Inc. (NASDAQ:XBP) Short Interest Down 35.1% in April

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

Insider Buying and Selling

In other news, Director Randal T. Klein bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of $2.44 per share, with a total value of $61,000.00. Following the completion of the acquisition, the director directly owned 40,000 shares in the company, valued at approximately $97,600. This trade represents a 166.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On XBP Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in XBP. Allianz Asset Management GmbH purchased a new position in XBP Global during the 3rd quarter worth approximately $1,362,000. Vanguard Group Inc. boosted its stake in shares of XBP Global by 6,119.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock valued at $1,529,000 after buying an additional 1,864,748 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of XBP Global during the 3rd quarter valued at $504,000. Shay Capital LLC boosted its stake in shares of XBP Global by 354.6% during the 3rd quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock valued at $81,000 after buying an additional 78,001 shares during the period. Finally, Man Group plc acquired a new stake in shares of XBP Global during the 3rd quarter valued at $1,817,000. 15.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 price target on shares of XBP Global in a research report on Friday, May 15th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.00.

XBP Global Trading Up 19.3%

XBP Global stock opened at $2.47 on Wednesday. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.71 and a current ratio of 0.67. The firm has a market cap of $29.07 million, a price-to-earnings ratio of -0.75 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 firm’s 50 day moving average price is $3.51 and its two-hundred day moving average price is $5.72.

XBP Global (NASDAQ:XBP) last posted its quarterly earnings results on Monday, March 30th. The company reported ($7.75) earnings per share (EPS) for the quarter. XBP Global had a return on equity of 1,645.47% and a net margin of 130.26%.

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.