XBP Global Holdings, Inc. (NASDAQ:XBP) Short Interest Up 3,055.3% in September

Key Points

• XBP Global Holdings, Inc. saw a staggering 3,055.3% increase in short interest in September, rising to 1,300,000 shares from 41,200 shares on September 15th.
• The stock has an average rating of "Sell" according to analysts, with Weiss Ratings reaffirming this position while Wall Street Zen upgraded it to a "hold" rating.
• XBP Global's shares are currently trading down 9.5% at $0.51, reflecting a broader trend, as the stock hit a 1-year low of $0.42 and has an average trading volume of over 1 million shares.

XBP Global Holdings, Inc. (NASDAQ:XBP - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,300,000 shares, an increase of 3,055.3% from the September 15th total of 41,200 shares. Based on an average trading volume of 3,080,000 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the company's shares are short sold. Approximately 1.6% of the company's shares are short sold. Based on an average trading volume of 3,080,000 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

XBP has been the subject of several analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of XBP Global in a research report on Wednesday, October 8th. Wall Street Zen raised XBP Global to a "hold" rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".

Insider Transactions at XBP Global

In other news, Director Randal T. Klein purchased 150,000 shares of the stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $0.54 per share, with a total value of $81,000.00. Following the completion of the transaction, the director owned 150,000 shares in the company, valued at approximately $81,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.50% of the company's stock.

XBP Global Trading Down 9.5%

XBP traded down $0.05 on Thursday, reaching $0.51. The company's stock had a trading volume of 233,625 shares, compared to its average volume of 1,064,115. XBP Global has a 1 year low of $0.42 and a 1 year high of $2.56. The business's 50 day moving average is $0.72 and its 200 day moving average is $0.93.

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

About XBP Global

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.

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