Short Interest in XBP Global Holdings, Inc. (NASDAQ:XBP) Declines By 54.2%

XBP Global Holdings, Inc. (NASDAQ:XBP) 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. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,930,000 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 2,930,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

XBP Global Stock Up 7.9%

XBP stock opened at $1.00 on Friday. 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 $0.77 and a 200 day simple moving average of $0.99.

XBP Global (NASDAQ:XBP) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $39.62 million for the quarter.

Insider Activity

In related news, Director Randal T. Klein bought 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 purchase, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.50% of the stock is 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.