Short Interest in Global Blue Group Holding AG (NYSE:GB) Rises By 101.4%

Global Blue Group Holding AG (NYSE:GB) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 84,800 shares, an increase of 101.4% from the February 13th total of 42,100 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 594,800 shares, the short-interest ratio is currently 0.1 days.

Global Blue Group Stock Up 0.1 %

GB stock traded up $0.01 during trading on Friday, reaching $7.34. The stock had a trading volume of 432,413 shares, compared to its average volume of 789,576. Global Blue Group has a one year low of $4.29 and a one year high of $8.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30. The company’s 50 day moving average is $7.20 and its two-hundred day moving average is $6.22. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 34.93 and a beta of 0.41.

Institutional Investors Weigh In On Global Blue Group

A number of institutional investors have recently added to or reduced their stakes in GB. Bank of America Corp DE bought a new stake in Global Blue Group in the 4th quarter worth about $1,200,000. WCM Investment Management LLC boosted its stake in Global Blue Group by 3.0% in the fourth quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company’s stock valued at $13,437,000 after acquiring an additional 57,889 shares during the last quarter. Scalar Gauge Management LLC boosted its stake in Global Blue Group by 17.5% in the fourth quarter. Scalar Gauge Management LLC now owns 339,651 shares of the company’s stock valued at $2,354,000 after acquiring an additional 50,668 shares during the last quarter. Independent Advisor Alliance purchased a new position in Global Blue Group in the third quarter valued at about $229,000. Finally, Renaissance Technologies LLC boosted its stake in Global Blue Group by 74.8% in the fourth quarter. Renaissance Technologies LLC now owns 45,800 shares of the company’s stock valued at $317,000 after acquiring an additional 19,600 shares during the last quarter. 89.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Oppenheimer downgraded shares of Global Blue Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th.

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).