Global Blue Group Holding AG (NYSE:GB – Get 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.
Institutional Trading of Global Blue Group
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).
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