Global Blue Group Holding AG (NYSE:GB) Short Interest Update

Global Blue Group Holding AG (NYSE:GB) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 101,300 shares, an increase of 5.5% from the May 31st total of 96,000 shares. Based on an average daily trading volume, of 29,800 shares, the short-interest ratio is currently 3.4 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GB. Allspring Global Investments Holdings LLC raised its stake in Global Blue Group by 0.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 290,757 shares of the company’s stock valued at $1,524,000 after purchasing an additional 2,533 shares during the last quarter. Sei Investments Co. raised its stake in Global Blue Group by 4.1% in the 1st quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock valued at $528,000 after purchasing an additional 4,000 shares during the last quarter. Armistice Capital LLC raised its stake in Global Blue Group by 1.2% in the 4th quarter. Armistice Capital LLC now owns 1,214,475 shares of the company’s stock valued at $5,744,000 after purchasing an additional 14,600 shares during the last quarter. WCM Investment Management LLC raised its stake in Global Blue Group by 3.9% in the 1st quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company’s stock valued at $10,063,000 after purchasing an additional 71,326 shares during the last quarter. Finally, Scalar Gauge Management LLC acquired a new position in Global Blue Group in the 4th quarter valued at about $1,083,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Global Blue Group Price Performance

Shares of NYSE GB opened at $5.00 on Friday. The firm has a market capitalization of $949.30 million, a P/E ratio of 71.43 and a beta of 0.42. Global Blue Group has a one year low of $4.10 and a one year high of $6.35. The company’s fifty day moving average is $4.91 and its two-hundred day moving average is $4.80. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.98 and a current ratio of 0.98.

Global Blue Group (NYSE:GB) last issued its earnings results on Wednesday, June 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $114.26 million for the quarter, compared to analysts’ expectations of $112.38 million. Global Blue Group had a return on equity of 61.46% and a net margin of 3.29%. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. Analysts forecast that Global Blue Group will post 0.3 EPS for the current fiscal year.

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).