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

Global Blue Group Holding AG (NYSE:GB) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 105,700 shares, an increase of 23.3% from the October 15th total of 85,700 shares. Based on an average daily trading volume, of 49,000 shares, the short-interest ratio is presently 2.2 days. Currently, 0.3% of the company’s shares are sold short.

Global Blue Group Stock Up 2.0 %

GB traded up $0.11 during trading on Friday, hitting $5.55. The company had a trading volume of 34,251 shares, compared to its average volume of 39,716. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.92. The firm’s 50-day moving average price is $5.43 and its 200 day moving average price is $5.10. The company has a market capitalization of $1.05 billion, a PE ratio of 39.64 and a beta of 0.42. Global Blue Group has a one year low of $4.10 and a one year high of $5.94.

Global Blue Group (NYSE:GB) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. The business had revenue of $126.75 million during the quarter, compared to analyst estimates of $127.42 million. As a group, equities analysts expect that Global Blue Group will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Atom Investors LP raised its stake in Global Blue Group by 20.2% during the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock worth $410,000 after buying an additional 12,625 shares during the last quarter. Scalar Gauge Management LLC grew its position in Global Blue Group by 21.0% in the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after purchasing an additional 50,100 shares in the last quarter. Independent Advisor Alliance bought a new stake in Global Blue Group during the third quarter worth $229,000. Sei Investments Co. increased its holdings in Global Blue Group by 8.6% during the second quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $527,000 after buying an additional 8,646 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Global Blue Group by 1,640.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock valued at $24,395,000 after purchasing an additional 4,770,550 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Oppenheimer initiated coverage on Global Blue Group in a report on Thursday, October 24th. They issued an “outperform” rating and a $6.00 price objective for the company.

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).