Global Blue Group Holding AG (NYSE:GB) Short Interest Up 101.4% in February

Global Blue Group Holding AG (NYSE:GB) was the target of a significant increase in short interest during the month of 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. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 594,800 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

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

Institutional Trading of Global Blue Group

Several institutional investors and hedge funds have recently bought and sold shares of GB. Independent Advisor Alliance purchased a new stake in shares of Global Blue Group in the 3rd quarter valued at about $229,000. Scalar Gauge Management LLC raised its holdings in shares of Global Blue Group by 21.0% in the 3rd 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 in the last quarter. Atom Investors LP raised its holdings in shares of Global Blue Group by 20.2% in the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after acquiring an additional 12,625 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of Global Blue Group by 3.0% in the 4th 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 in the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of Global Blue Group in the 4th quarter valued at about $73,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Global Blue Group Trading Up 0.1 %

Shares of Global Blue Group stock opened at $7.34 on Friday. The company’s 50-day moving average price is $7.20 and its 200-day moving average price is $6.23. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 34.93 and a beta of 0.41. Global Blue Group has a 12-month low of $4.29 and a 12-month high of $8.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30.

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).