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

XBP Europe Holdings, Inc. (NASDAQ:XBP) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 43,600 shares, an increase of 40.6% from the January 31st total of 31,000 shares. Based on an average daily trading volume, of 81,700 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the company’s stock are sold short.

XBP Europe Trading Down 0.8 %

NASDAQ:XBP opened at $1.17 on Monday. XBP Europe has a 52 week low of $0.79 and a 52 week high of $4.33. The company’s 50 day moving average price is $1.11 and its 200-day moving average price is $1.13.

Hedge Funds Weigh In On XBP Europe

An institutional investor recently bought a new position in XBP Europe stock. Mountain Hill Investment Partners Corp. purchased a new position in shares of XBP Europe Holdings, Inc. (NASDAQ:XBP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 500,175 shares of the company’s stock, valued at approximately $545,000. XBP Europe comprises approximately 0.6% of Mountain Hill Investment Partners Corp.’s portfolio, making the stock its 23rd biggest holding. Mountain Hill Investment Partners Corp. owned approximately 1.66% of XBP Europe as of its most recent filing with the Securities and Exchange Commission. 15.72% of the stock is currently owned by institutional investors and hedge funds.

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.