XBP Europe Holdings, Inc. (NASDAQ:XBP) Sees Significant Growth in Short Interest

XBP Europe Holdings, Inc. (NASDAQ:XBP) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 25,000 shares, an increase of 23.8% from the February 28th total of 20,200 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 134,400 shares, the days-to-cover ratio is currently 0.2 days.

XBP Europe Stock Performance

XBP opened at $1.34 on Thursday. XBP Europe has a 12-month low of $0.79 and a 12-month high of $4.33. The stock has a fifty day moving average of $1.18 and a 200-day moving average of $1.13.

Institutional Investors Weigh In On XBP Europe

A hedge fund recently bought a new stake in XBP Europe stock. Mountain Hill Investment Partners Corp. bought a new stake in XBP Europe Holdings, Inc. (NASDAQ:XBP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 500,175 shares of the company’s stock, valued at approximately $545,000. XBP Europe accounts for approximately 0.6% of Mountain Hill Investment Partners Corp.’s investment portfolio, making the stock its 23rd largest position. Mountain Hill Investment Partners Corp. owned about 1.66% of XBP Europe as of its most recent SEC filing. Institutional investors own 15.72% of the company’s stock.

XBP Europe Company Profile

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries.