Short Interest in Global Blue Group Holding AG (NYSE:GB) Expands By 21.0%

Global Blue Group Holding AG (NYSE:GB) was the recipient of a large increase in short interest during 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. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 39,300 shares, the days-to-cover ratio is currently 2.3 days.

Global Blue Group Trading Up 3.6 %

Shares of Global Blue Group stock traded up $0.19 during trading hours on Monday, reaching $5.49. 27,847 shares of the company’s stock were exchanged, compared to its average volume of 32,148. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 78.14 and a beta of 0.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.92. Global Blue Group has a 52-week low of $4.10 and a 52-week high of $6.25. The company has a fifty day moving average of $5.03 and a 200-day moving average of $5.00.

Global Blue Group (NYSE:GB) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Blue Group had a return on equity of 48.62% and a net margin of 7.32%. The company had revenue of $126.75 million for the quarter, compared to analysts’ expectations of $127.42 million. Sell-side analysts forecast that Global Blue Group will post 0.36 EPS for the current fiscal year.

Institutional Trading of Global Blue Group

Several institutional investors have recently made changes to their positions in the stock. Armistice Capital LLC boosted its holdings in Global Blue Group by 1.2% in the fourth quarter. Armistice Capital LLC now owns 1,214,475 shares of the company’s stock valued at $5,744,000 after acquiring an additional 14,600 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Global Blue Group by 4.1% in the 1st quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock valued at $528,000 after purchasing an additional 4,000 shares in the last quarter. Scalar Gauge Management LLC purchased a new stake in shares of Global Blue Group during the 4th quarter worth about $1,083,000. Allspring Global Investments Holdings LLC raised its holdings in Global Blue Group by 0.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 290,757 shares of the company’s stock valued at $1,524,000 after buying an additional 2,533 shares during the period. Finally, WCM Investment Management LLC lifted its position in Global Blue Group by 3.9% during the first quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company’s stock valued at $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.

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).