Short Interest in XBP Europe Holdings, Inc. (NASDAQ:XBP) Increases By 40.6%

XBP Europe Holdings, Inc. (NASDAQ:XBP) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 43,600 shares, an increase of 40.6% from the January 31st total of 31,000 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 81,700 shares, the days-to-cover ratio is currently 0.5 days.

XBP Europe Price Performance

NASDAQ:XBP opened at $1.11 on Tuesday. XBP Europe has a 12 month low of $0.79 and a 12 month high of $4.33. The company’s 50 day moving average is $1.11 and its 200-day moving average is $1.13.

Hedge Funds Weigh In On XBP Europe

A hedge fund recently bought a new stake in XBP Europe stock. Mountain Hill Investment Partners Corp. purchased a new position in shares of XBP Europe Holdings, Inc. (NASDAQ:XBP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 500,175 shares of the company’s stock, valued at approximately $545,000. XBP Europe accounts for approximately 0.6% of Mountain Hill Investment Partners Corp.’s investment portfolio, making the stock its 23rd largest holding. Mountain Hill Investment Partners Corp. owned about 1.66% of XBP Europe as of its most recent SEC filing. 15.72% of the stock is currently owned by hedge funds and other institutional investors.

About XBP Europe

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.