Short Interest in Global Blue Group Holding AG (NYSE:GB) Decreases By 31.3%

Global Blue Group Holding AG (NYSE:GB - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 160,400 shares, a drop of 31.3% from the April 30th total of 233,400 shares. Based on an average daily volume of 303,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.

Global Blue Group Price Performance

Shares of NYSE:GB traded up $0.12 during midday trading on Thursday, hitting $7.43. The company had a trading volume of 82,898 shares, compared to its average volume of 224,144. Global Blue Group has a twelve month low of $4.29 and a twelve month high of $8.00. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 35.36 and a beta of 0.44. The business's 50-day simple moving average is $7.40 and its 200-day simple moving average is $7.05.

Institutional Investors Weigh In On Global Blue Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC increased its stake in Global Blue Group by 3.0% during the fourth quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company's stock worth $13,437,000 after acquiring an additional 57,889 shares during the last quarter. Gabelli Funds LLC acquired a new stake in Global Blue Group during the first quarter worth $5,072,000. Carmignac Gestion acquired a new stake in Global Blue Group during the first quarter worth $4,703,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Global Blue Group during the first quarter worth $4,081,000. Finally, Groupe la Francaise acquired a new stake in Global Blue Group during the first quarter worth $2,866,000. Institutional investors and hedge funds own 89.66% of the company's stock.

Wall Street Analyst Weigh In

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

Global Blue Group Company Profile

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).