Short Interest in XBP Europe Holdings, Inc. (NASDAQ:XBP) Declines By 53.7%

XBP Europe Holdings, Inc. (NASDAQ:XBP) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 20,200 shares, a decline of 53.7% from the February 13th total of 43,600 shares. Based on an average trading volume of 133,500 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

XBP Europe Stock Performance

Shares of XBP opened at $1.11 on Friday. XBP Europe has a 12-month low of $0.79 and a 12-month high of $4.33. The stock’s 50-day moving average price is $1.13 and its 200 day moving average price is $1.13.

Hedge Funds Weigh In On XBP Europe

An institutional investor recently bought a new position in XBP Europe stock. Mountain Hill Investment Partners Corp. purchased a new stake in shares of XBP Europe Holdings, Inc. (NASDAQ:XBP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 500,175 shares of the company’s stock, valued at approximately $545,000. XBP Europe accounts for approximately 0.6% of Mountain Hill Investment Partners Corp.’s portfolio, making the stock its 23rd largest holding. Mountain Hill Investment Partners Corp. owned approximately 1.66% of XBP Europe at the end of the most recent quarter. Institutional investors own 15.72% of the company’s stock.

XBP Europe 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.