XBP Global Holdings, Inc. (NASDAQ:XBP) Short Interest Down 90.8% in August

Key Points

• XBP Global Holdings, Inc. experienced a significant decrease in short interest, dropping by 90.8% from July to August, with only 0.2% of shares sold short as of August 15th.
• Director Randal T. Klein purchased 150,000 shares of XBP Global stock at an average price of $0.54 per share, indicating strong insider confidence in the company.
• For the quarter, XBP reported a net loss of ($0.10) earnings per share on revenues of $39.62 million.

XBP Global Holdings, Inc. (NASDAQ:XBP - Get Free Report) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 179,400 shares, adropof90.8% from the July 31st total of 1,940,000 shares. Based on an average daily volume of 2,880,000 shares, the days-to-cover ratio is presently 0.1 days. Currently,0.2% of the shares of the company are sold short. Currently,0.2% of the shares of the company are sold short. Based on an average daily volume of 2,880,000 shares, the days-to-cover ratio is presently 0.1 days.

XBP Global Price Performance

NASDAQ:XBP traded down $0.02 on Friday, reaching $0.61. 79,471 shares of the company's stock traded hands, compared to its average volume of 560,151. XBP Global has a 12 month low of $0.42 and a 12 month high of $2.56. The stock has a 50-day simple moving average of $0.78 and a 200-day simple moving average of $1.00.

XBP Global (NASDAQ:XBP - Get Free Report) last posted its quarterly earnings results 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 Buying and Selling

In other news, Director Randal T. Klein purchased 150,000 shares of the company's stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of $0.54 per share, for a total transaction of $81,000.00. Following the completion of the transaction, the director directly owned 150,000 shares in the company, valued at $81,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 10.50% of the company's stock.

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.