Global Blue Group Holding AG (NYSE:GB) Sees Significant Growth in Short Interest

Global Blue Group Holding AG (NYSE:GB) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 101,300 shares, an increase of 5.5% from the May 31st total of 96,000 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 29,800 shares, the days-to-cover ratio is currently 3.4 days.

Global Blue Group Price Performance

GB stock traded down $0.04 on Wednesday, reaching $5.00. The company had a trading volume of 292 shares, compared to its average volume of 28,808. Global Blue Group has a 1 year low of $4.10 and a 1 year high of $6.35. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.98 and a current ratio of 0.98. The company’s fifty day moving average is $4.91 and its 200 day moving average is $4.79. The company has a market cap of $949.30 million, a P/E ratio of 72.00 and a beta of 0.42.

Global Blue Group (NYSE:GB) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Global Blue Group had a return on equity of 61.46% and a net margin of 3.29%. The business had revenue of $114.26 million for the quarter, compared to analysts’ expectations of $112.38 million. During the same period in the prior year, the company earned ($0.01) EPS. On average, research analysts forecast that Global Blue Group will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Sei Investments Co. increased its holdings in 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 acquired a new stake in Global Blue Group in the 4th quarter valued at $1,083,000. Allspring Global Investments Holdings LLC increased its holdings in Global Blue Group by 2.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 288,224 shares of the company’s stock valued at $1,363,000 after purchasing an additional 6,377 shares in the last quarter. Armistice Capital LLC increased its holdings in Global Blue Group by 1.2% in the 4th quarter. Armistice Capital LLC now owns 1,214,475 shares of the company’s stock valued at $5,744,000 after purchasing an additional 14,600 shares in the last quarter. Finally, WCM Investment Management LLC increased its holdings in Global Blue Group by 3.9% in the 1st quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company’s stock valued at $10,063,000 after purchasing an additional 71,326 shares in the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

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).