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

Global Blue Group Holding AG (NYSE:GB) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 105,700 shares, a growth of 23.3% from the October 15th total of 85,700 shares. Based on an average daily volume of 49,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Oppenheimer assumed coverage on shares of Global Blue Group in a research report on Thursday, October 24th. They set an “outperform” rating and a $6.00 price target for the company.

Global Blue Group Price Performance

Shares of NYSE:GB traded up $0.11 during trading on Friday, reaching $5.55. The company had a trading volume of 34,251 shares, compared to its average volume of 39,716. Global Blue Group has a twelve month low of $4.10 and a twelve month high of $5.94. The firm has a market capitalization of $1.05 billion, a PE ratio of 39.64 and a beta of 0.42. The firm’s fifty day moving average is $5.43 and its 200 day moving average is $5.10. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.98 and a current ratio of 0.98.

Global Blue Group (NYSE:GB) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $126.75 million during the quarter, compared to analyst estimates of $127.42 million. Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. On average, equities analysts forecast that Global Blue Group will post 0.32 EPS for the current year.

Institutional Trading of Global Blue Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. lifted its stake in Global Blue Group by 4.1% during the first quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock valued at $528,000 after buying an additional 4,000 shares in the last quarter. Atom Investors LP boosted its stake in Global Blue Group by 20.2% in the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company’s stock worth $410,000 after purchasing an additional 12,625 shares during the period. Independent Advisor Alliance purchased a new position in Global Blue Group during the 3rd quarter worth approximately $229,000. Scalar Gauge Management LLC lifted its holdings in shares of Global Blue Group by 21.0% in the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock valued at $1,581,000 after purchasing an additional 50,100 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Global Blue Group by 1,640.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock worth $24,395,000 after buying an additional 4,770,550 shares during the period. 89.66% of the stock is currently owned by institutional investors.

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).