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

XBP Global Holdings, Inc. (NASDAQ:XBP) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 29,454 shares, a growth of 58.0% from the August 15th total of 18,642 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 27,318 shares, the short-interest ratio is presently 1.1 days.

XBP Global Stock Down 0.7%

NASDAQ:XBP opened at $2.93 on Thursday. The company has a market cap of $34.81 million, a price-to-earnings ratio of -0.79 and a beta of -0.45. XBP Global has a twelve month low of $2.00 and a twelve month high of $13.00. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 7.59. The stock has a fifty day simple moving average of $2.91 and a 200-day simple moving average of $3.17.

XBP Global (NASDAQ:XBP) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($1.42) EPS for the quarter, missing analysts’ consensus estimates of ($1.04) by ($0.38). The company had revenue of $191.31 million during the quarter, compared to the consensus estimate of $197.70 million. XBP Global had a return on equity of 1,328.38% and a net margin of 134.88%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of XBP Global in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.00.

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.