Global Blue Group Holding AG (NYSE:GB – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 91,600 shares, an increase of 21.0% from the August 31st total of 75,700 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 39,300 shares, the short-interest ratio is currently 2.3 days.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in GB. Sei Investments Co. boosted its stake in shares of Global Blue Group by 8.6% during the second 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 in the last quarter. Scalar Gauge Management LLC bought a new stake in Global Blue Group during the 4th quarter valued at $1,083,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Global Blue Group by 0.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 290,757 shares of the company’s stock valued at $1,524,000 after acquiring an additional 2,533 shares during the period. Armistice Capital LLC raised its position in shares of Global Blue Group by 1.2% in the 4th quarter. Armistice Capital LLC now owns 1,214,475 shares of the company’s stock worth $5,744,000 after acquiring an additional 14,600 shares in the last quarter. Finally, WCM Investment Management LLC lifted its stake in shares of Global Blue Group by 3.9% during the 1st quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company’s stock worth $10,063,000 after purchasing an additional 71,326 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.
Global Blue Group Trading Up 3.2 %
Shares of NYSE GB traded up $0.17 during trading hours on Monday, reaching $5.47. The stock had a trading volume of 27,760 shares, compared to its average volume of 32,148. The business’s fifty day moving average price is $5.03 and its two-hundred day moving average price is $5.00. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 75.71 and a beta of 0.43. Global Blue Group has a 52-week low of $4.10 and a 52-week high of $6.25. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.92.
About Global Blue Group
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).
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