Short Interest in XBP Europe Holdings, Inc. (NASDAQ:XBP) Drops By 21.1%

XBP Europe Holdings, Inc. (NASDAQ:XBP) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 26,600 shares, a decline of 21.1% from the August 15th total of 33,700 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 213,000 shares, the days-to-cover ratio is currently 0.1 days.

XBP Europe Stock Down 3.4 %

Shares of XBP opened at $1.15 on Tuesday. XBP Europe has a fifty-two week low of $1.06 and a fifty-two week high of $47.40. The firm’s 50 day moving average price is $1.31 and its 200 day moving average price is $1.74.

XBP Europe (NASDAQ:XBP) last issued its earnings results on Monday, August 12th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $36.11 million for the quarter.

Hedge Funds Weigh In On XBP Europe

An institutional investor recently bought a new position in XBP Europe stock. Cantor Fitzgerald L. P. bought a new position in XBP Europe Holdings, Inc. (NASDAQ:XBP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,601,904 shares of the company’s stock, valued at approximately $34,990,000. XBP Europe comprises approximately 7.3% of Cantor Fitzgerald L. P.’s portfolio, making the stock its 4th largest position. Cantor Fitzgerald L. P. owned approximately 80.22% of XBP Europe as of its most recent SEC filing. Institutional investors and hedge funds own 15.72% of the company’s stock.

XBP Europe 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.