XBP Global Holdings, Inc. (NASDAQ:XBP) Short Interest Update

XBP Global Holdings, Inc. (NASDAQ:XBP) was the recipient of a significant growth in short interest in 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 stock are short sold. Based on an average trading volume of 27,318 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analyst Weigh In

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

XBP Global Trading Down 0.7%

Shares of NASDAQ:XBP opened at $2.93 on Thursday. The company has a market capitalization of $34.81 million, a PE ratio of -0.79 and a beta of -0.45. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 7.59. XBP Global has a 12-month low of $2.00 and a 12-month high of $13.00. The business’s fifty day simple moving average is $2.91 and its 200-day simple moving average is $3.17.

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

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.