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

Global Blue Group Holding AG (NYSE:GB) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 84,800 shares, a growth of 101.4% from the February 13th total of 42,100 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 594,800 shares, the days-to-cover ratio is currently 0.1 days.

Global Blue Group Price Performance

Shares of GB stock traded up $0.01 during mid-day trading on Friday, hitting $7.34. 432,413 shares of the stock traded hands, compared to its average volume of 789,576. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50-day simple moving average is $7.21 and its 200-day simple moving average is $6.20. Global Blue Group has a twelve month low of $4.29 and a twelve month high of $8.00. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 34.93 and a beta of 0.41.

Institutional Investors Weigh In On Global Blue Group

Institutional investors and hedge funds have recently modified their holdings of the stock. WCM Investment Management LLC raised its holdings 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 worth $13,437,000 after buying an additional 57,889 shares during the period. Scalar Gauge Management LLC raised its stake in shares of Global Blue Group by 17.5% during the 4th quarter. Scalar Gauge Management LLC now owns 339,651 shares of the company’s stock worth $2,354,000 after purchasing an additional 50,668 shares in the last quarter. Bank of America Corp DE acquired a new stake in Global Blue Group in the fourth quarter valued at approximately $1,200,000. Atom Investors LP increased its position in Global Blue Group by 20.2% during the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock worth $410,000 after buying an additional 12,625 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Global Blue Group by 74.8% in the fourth quarter. Renaissance Technologies LLC now owns 45,800 shares of the company’s stock worth $317,000 after buying an additional 19,600 shares during the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Analysts Set New Price Targets

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

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).