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 trading volume, of 2,880,000 shares, the short-interest ratio is presently 0.1 days. Approximately0.2% of the company's stock are sold short. Approximately0.2% of the company's stock are sold short. Based on an average daily trading volume, of 2,880,000 shares, the short-interest ratio is presently 0.1 days.

Insider Buying and Selling

In other XBP Global news, Director Randal T. Klein purchased 150,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was bought at an average price of $0.54 per share, with a total value of $81,000.00. Following the transaction, the director directly owned 150,000 shares of the company's stock, valued at approximately $81,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.50% of the stock is owned by corporate insiders.

XBP Global Stock Performance

XBP stock traded down $0.01 during midday trading on Friday, hitting $0.62. The company's stock had a trading volume of 63,270 shares, compared to its average volume of 1,153,563. XBP Global has a 52-week low of $0.42 and a 52-week high of $2.56. The firm has a 50-day simple moving average of $0.78 and a 200-day simple moving average of $1.01.

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 business had revenue of $39.62 million for 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.