Global Blue Group Holding AG (NYSE:GB) Short Interest Down 9.0% in December

Global Blue Group Holding AG (NYSE:GB) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 71,400 shares, a decrease of 9.0% from the November 30th total of 78,500 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 46,800 shares, the short-interest ratio is presently 1.5 days.

Global Blue Group Price Performance

Shares of NYSE GB traded up $0.18 during mid-day trading on Wednesday, reaching $6.93. 36,715 shares of the company traded hands, compared to its average volume of 36,548. The firm has a market cap of $1.38 billion, a PE ratio of 33.00 and a beta of 0.44. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.00 and a quick ratio of 1.00. Global Blue Group has a fifty-two week low of $4.10 and a fifty-two week high of $6.97. The stock has a fifty day simple moving average of $5.91 and a 200-day simple moving average of $5.37.

Hedge Funds Weigh In On Global Blue Group

Several hedge funds have recently made changes to their positions in GB. Scalar Gauge Management LLC grew its holdings in shares of Global Blue Group by 21.0% in the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after acquiring an additional 50,100 shares during the last quarter. Sei Investments Co. boosted its position in shares of Global Blue Group by 8.6% in the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after purchasing an additional 8,646 shares during the period. Atom Investors LP boosted its position in shares of Global Blue Group by 20.2% in the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after purchasing an additional 12,625 shares during the period. Finally, Independent Advisor Alliance purchased a new position in Global Blue Group in the 3rd quarter worth about $229,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer started coverage on Global Blue Group in a research note on Thursday, October 24th. They issued an “outperform” rating and a $6.00 target price on the stock.

Global Blue Group Company Profile

Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers in Europe, the Asia Pacific, and internationally. The company operates in three segments: Tax Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).