Global Blue Group Holding AG (NYSE:GB) Short Interest Up 5.5% in June

Global Blue Group Holding AG (NYSE:GB) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 101,300 shares, a growth of 5.5% from the May 31st total of 96,000 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 29,800 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sei Investments Co. lifted its holdings in shares of Global Blue Group by 4.1% in the first quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock worth $528,000 after buying an additional 4,000 shares in the last quarter. Scalar Gauge Management LLC purchased a new position in shares of Global Blue Group during the fourth quarter valued at about $1,083,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Global Blue Group by 2.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 288,224 shares of the company’s stock worth $1,363,000 after purchasing an additional 6,377 shares during the last quarter. Armistice Capital LLC lifted its position in shares of Global Blue Group by 1.2% in the fourth quarter. Armistice Capital LLC now owns 1,214,475 shares of the company’s stock worth $5,744,000 after buying an additional 14,600 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in shares of Global Blue Group by 3.9% in the first quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company’s stock worth $10,063,000 after buying an additional 71,326 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Global Blue Group Stock Down 0.8 %

GB opened at $5.00 on Thursday. The stock has a market capitalization of $949.30 million, a price-to-earnings ratio of 71.43 and a beta of 0.42. Global Blue Group has a twelve month low of $4.10 and a twelve month high of $6.35. The firm has a 50 day moving average price of $4.91 and a 200-day moving average price of $4.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 8.36.

Global Blue Group (NYSE:GB) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $114.26 million during the quarter, compared to analysts’ expectations of $112.38 million. Global Blue Group had a return on equity of 61.46% and a net margin of 3.29%. During the same quarter in the previous year, the company posted ($0.01) EPS. Equities research analysts forecast that Global Blue Group will post 0.3 earnings per share for the current year.

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).