XBP Europe Holdings, Inc. (NASDAQ:XBP) Sees Large Increase in Short Interest

XBP Europe Holdings, Inc. (NASDAQ:XBP) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 25,000 shares, a growth of 23.8% from the February 28th total of 20,200 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 134,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On XBP Europe

A hedge fund recently bought a new stake in XBP Europe stock. Mountain Hill Investment Partners Corp. bought a new position in XBP Europe Holdings, Inc. (NASDAQ:XBP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 500,175 shares of the company’s stock, valued at approximately $545,000. XBP Europe accounts for about 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 filing with the Securities & Exchange Commission. 15.72% of the stock is currently owned by institutional investors.

XBP Europe Price Performance

XBP Europe stock opened at $1.36 on Tuesday. XBP Europe has a 1-year low of $0.79 and a 1-year high of $4.33. The company’s 50-day moving average is $1.17 and its 200 day moving average is $1.13.

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.