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

Key Points

• Short interest in XBP Global Holdings, Inc. declined by 54.2%, from 179,400 shares to 82,200 shares as of August 31st.
• Director Randal T. Klein purchased 150,000 shares at an average price of $0.54 per share, increasing his ownership significantly.
• XBP Global's shares opened at $1.00, having a 12-month range between $0.42 and $2.56, with the company reporting a revenue of $39.62 million for the last quarter.

XBP Global Holdings, Inc. (NASDAQ:XBP - Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 82,200 shares, a drop of 54.2% from the August 15th total of 179,400 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily volume of 2,930,000 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 2,930,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company's shares are short sold.

XBP Global Price Performance

NASDAQ XBP traded up $0.05 during mid-day trading on Thursday, reaching $1.05. 242,897 shares of the company's stock traded hands, compared to its average volume of 344,942. XBP Global has a 1-year low of $0.42 and a 1-year high of $2.56. The company has a fifty day simple moving average of $0.78 and a 200-day simple moving average of $0.99.

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

Insider Activity at XBP Global

In other news, Director Randal T. Klein acquired 150,000 shares of the business's stock in a transaction dated Monday, August 18th. The shares were bought at an average cost of $0.54 per share, for a total transaction of $81,000.00. Following the acquisition, the director directly owned 150,000 shares in the company, valued at $81,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is currently owned by company insiders.

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.