Global Blue Group Holding AG (NYSE:GB) Short Interest Up 227.3% in April

Global Blue Group Holding AG (NYSE:GB - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 365,300 shares, an increase of 227.3% from the March 31st total of 111,600 shares. Based on an average daily volume of 688,300 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Orion Portfolio Solutions LLC bought a new stake in Global Blue Group during the fourth quarter valued at $73,000. Wells Fargo & Company MN purchased a new stake in shares of Global Blue Group in the 4th quarter valued at about $79,000. XTX Topco Ltd bought a new stake in shares of Global Blue Group during the 4th quarter valued at about $87,000. FNY Investment Advisers LLC purchased a new position in shares of Global Blue Group during the first quarter worth about $116,000. Finally, Renaissance Technologies LLC increased its position in shares of Global Blue Group by 74.8% in the fourth quarter. Renaissance Technologies LLC now owns 45,800 shares of the company's stock worth $317,000 after purchasing an additional 19,600 shares during the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Global Blue Group Price Performance

NYSE:GB traded down $0.02 during mid-day trading on Friday, hitting $7.43. 75,297 shares of the stock traded hands, compared to its average volume of 214,569. Global Blue Group has a 12-month low of $4.29 and a 12-month high of $8.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30. The company has a market cap of $1.48 billion, a PE ratio of 35.36 and a beta of 0.41. The business's 50-day moving average price is $7.37 and its 200 day moving average price is $6.72.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer downgraded Global Blue Group from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th.

About Global Blue Group

Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers in Europe, the Asia Pacific, and internationally. The company operates in three segments: Tax Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).