Global Blue Group Holding AG (NYSE:GB) Sees Significant Increase in Short Interest

Global Blue Group Holding AG (NYSE:GB) saw a significant growth in short interest in the month of 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. Based on an average daily volume of 619,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Global Blue Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. WCM Investment Management LLC boosted its stake in Global Blue Group by 3.0% during the 4th 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 in the last quarter. Scalar Gauge Management LLC boosted its stake in Global Blue Group by 17.5% during the fourth quarter. Scalar Gauge Management LLC now owns 339,651 shares of the company’s stock valued at $2,354,000 after buying an additional 50,668 shares in the last quarter. Bank of America Corp DE bought a new stake in Global Blue Group in the fourth quarter worth about $1,200,000. Atom Investors LP lifted its holdings in Global Blue Group by 20.2% in the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after acquiring an additional 12,625 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of 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 purchasing an additional 19,600 shares in the last quarter. Institutional investors own 89.66% of the company’s stock.

Global Blue Group Trading Up 0.1 %

Shares of GB stock opened at $7.37 on Tuesday. The firm has a market capitalization of $1.47 billion, a PE ratio of 35.08 and a beta of 0.41. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.00 and a current ratio of 1.00. Global Blue Group has a 1 year low of $4.29 and a 1 year high of $8.00. The stock has a fifty day moving average of $7.14 and a two-hundred day moving average of $6.40.

Analyst Ratings Changes

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

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).