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 significant growth in short interest in March. As of March 15th, there was short interest totalling 125,900 shares, a growth of 48.5% from the February 28th total of 84,800 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 619,300 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Global Blue Group

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE purchased a new stake in shares of Global Blue Group in the 4th quarter valued at approximately $1,200,000. WCM Investment Management LLC raised its position in Global Blue Group by 3.0% in the fourth quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company’s stock valued at $13,437,000 after purchasing an additional 57,889 shares during the period. Scalar Gauge Management LLC boosted its position in shares of 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 period. Independent Advisor Alliance purchased a new stake in shares of Global Blue Group in the 3rd quarter valued at $229,000. Finally, Renaissance Technologies LLC boosted 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 acquiring an additional 19,600 shares during the period. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Global Blue Group Price Performance

Shares of GB stock traded up $0.01 during trading hours on Monday, reaching $7.37. The company had a trading volume of 147,711 shares, compared to its average volume of 190,171. Global Blue Group has a 12-month low of $4.29 and a 12-month high of $8.00. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 35.08 and a beta of 0.41. The stock has a fifty day moving average of $7.14 and a 200-day moving average of $6.39.

Analyst Upgrades and Downgrades

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

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).