Short Interest in Global Blue Group Holding AG (NYSE:GB) Rises By 48.5%

Global Blue Group Holding AG (NYSE:GB) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 125,900 shares, an increase of 48.5% from the February 28th total of 84,800 shares. Based on an average trading volume of 619,300 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Global Blue Group Stock Performance

Global Blue Group stock traded up $0.01 on Friday, hitting $7.37. The company’s stock had a trading volume of 95,020 shares, compared to its average volume of 190,341. The company has a fifty day moving average price of $7.14 and a 200-day moving average price of $6.39. The firm has a market cap of $1.47 billion, a P/E ratio of 35.07 and a beta of 0.41. 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.

Institutional Investors Weigh In On Global Blue Group

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in shares of Global Blue Group during the fourth quarter valued at $1,200,000. XTX Topco Ltd bought a new position in Global Blue Group during the 4th quarter valued at about $87,000. Renaissance Technologies LLC lifted its holdings in Global Blue Group by 74.8% during the 4th quarter. Renaissance Technologies LLC now owns 45,800 shares of the company’s stock valued at $317,000 after purchasing an additional 19,600 shares during the last quarter. Wells Fargo & Company MN acquired a new position in Global Blue Group in the fourth quarter valued at about $79,000. Finally, Scalar Gauge Management LLC grew its stake in Global Blue Group by 17.5% during the fourth quarter. Scalar Gauge Management LLC now owns 339,651 shares of the company’s stock worth $2,354,000 after buying an additional 50,668 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

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).