Global Blue Group Holding AG (NYSE:GB) Sees Large Decline in Short Interest

Global Blue Group Holding AG (NYSE:GB) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 71,400 shares, a drop of 9.0% from the November 30th total of 78,500 shares. Based on an average daily volume of 46,800 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.1% of the company’s stock are short sold.

Global Blue Group Stock Performance

NYSE:GB traded up $0.18 during mid-day trading on Wednesday, hitting $6.93. 36,715 shares of the company’s stock traded hands, compared to its average volume of 36,548. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30. The firm has a 50 day moving average of $5.91 and a two-hundred day moving average of $5.37. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 33.00 and a beta of 0.44. Global Blue Group has a 12 month low of $4.10 and a 12 month high of $6.97.

Wall Street Analyst Weigh In

Separately, Oppenheimer started coverage on shares of Global Blue Group in a research note on Thursday, October 24th. They issued an “outperform” rating and a $6.00 target price for the company.

Institutional Investors Weigh In On Global Blue Group

Hedge funds have recently modified their holdings of the business. Atom Investors LP raised its position in shares of Global Blue Group by 20.2% during the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after buying an additional 12,625 shares during the last quarter. Scalar Gauge Management LLC increased its stake in Global Blue Group by 21.0% during the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock valued at $1,581,000 after acquiring an additional 50,100 shares during the period. Independent Advisor Alliance acquired a new position in Global Blue Group in the 3rd quarter valued at approximately $229,000. Finally, Sei Investments Co. lifted its position in shares of Global Blue Group by 8.6% in the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $527,000 after acquiring an additional 8,646 shares during the period. 89.66% of the stock is owned by institutional investors.

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).