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

Global Blue Group Holding AG (NYSE:GBGet Free Report) 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.

View Our Latest Report on GB

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

(Get Free Report)

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).

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