Short Interest in XBP Global Holdings, Inc. (NASDAQ:XBP) Declines By 49.9%

Key Points

• Short interest in XBP Global Holdings, Inc. declined by 49.9% in September, dropping to 41,200 shares.
• Director Randal T. Klein purchased 150,000 shares at $0.54 per share, increasing his stake significantly.
• Analysts currently rate XBP Global as a "Sell," with one firm maintaining a "hold" rating after recent evaluations.

XBP Global Holdings, Inc. (NASDAQ:XBP - Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 41,200 shares, a decrease of 49.9% from the August 31st total of 82,200 shares. Based on an average daily volume of 3,060,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 3,060,000 shares, the short-interest ratio is currently 0.0 days.

Insider Activity at XBP Global

In other news, Director Randal T. Klein bought 150,000 shares of XBP Global stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $0.54 per share, with a total value of $81,000.00. Following the completion of the acquisition, the director owned 150,000 shares of the company's stock, valued at $81,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XBP. Weiss Ratings reiterated a "sell (e+)" rating on shares of XBP Global in a research report on Saturday, September 27th. Wall Street Zen raised shares of XBP Global to a "hold" rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, XBP Global currently has an average rating of "Sell".

XBP Global Stock Performance

XBP Global stock traded down $0.01 during midday trading on Friday, reaching $0.76. The stock had a trading volume of 150,029 shares, compared to its average volume of 636,380. XBP Global has a 52-week low of $0.42 and a 52-week high of $2.56. The company has a fifty day moving average of $0.77 and a 200 day moving average of $0.97.

XBP Global (NASDAQ:XBP - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $39.62 million during the quarter.

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 instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.