Short Interest in XBP Global Holdings, Inc. (NASDAQ:XBP) Rises By 148.9%

XBP Global Holdings, Inc. (NASDAQ:XBP) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 31,508 shares, an increase of 148.9% from the April 30th total of 12,659 shares. Based on an average daily trading volume, of 15,085 shares, the short-interest ratio is currently 2.1 days. Currently, 0.4% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 target price on shares of XBP Global in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.00.

XBP Global Trading Down 7.5%

Shares of NASDAQ:XBP opened at $2.45 on Friday. XBP Global has a 52 week low of $2.00 and a 52 week high of $25.60. The company’s 50 day moving average is $3.08 and its two-hundred day moving average is $5.54. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 5.67. The company has a market cap of $28.84 million, a PE ratio of -0.75 and a beta of -0.39.

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

Insiders Place Their Bets

In other XBP Global news, Director Randal T. Klein bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average cost of $2.44 per share, with a total value of $61,000.00. Following the purchase, the director directly owned 40,000 shares in the company, valued at approximately $97,600. This represents a 166.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 31.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On XBP Global

A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of XBP Global in the 3rd quarter valued at approximately $31,000. Shay Capital LLC increased its position 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 valued at $81,000 after purchasing an additional 78,001 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of XBP Global in the 3rd quarter valued at approximately $194,000. Cantor Fitzgerald L. P. increased its position in shares of 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 purchasing an additional 572,449 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of XBP Global in the 3rd quarter valued at approximately $504,000. 15.72% of the stock is owned by hedge funds and other institutional investors.

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.