Global Blue Group Holding AG (NYSE:GB) Short Interest Up 101.4% in February

Global Blue Group Holding AG (NYSE:GB - Get Free Report) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 84,800 shares, an increase of 101.4% from the February 13th total of 42,100 shares. Based on an average trading volume of 594,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company's shares are short sold.

Global Blue Group Stock Up 0.3 %

GB traded up $0.03 on Tuesday, reaching $7.37. 150,920 shares of the company traded hands, compared to its average volume of 185,018. The stock's 50 day moving average price is $7.19 and its 200-day moving average price is $6.26. Global Blue Group has a 52-week low of $4.29 and a 52-week high of $8.00. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 35.07 and a beta of 0.41. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.00 and a quick ratio of 1.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC purchased a new position in Global Blue Group during the fourth quarter valued at approximately $73,000. Wells Fargo & Company MN acquired a new stake in Global Blue Group in the fourth quarter valued at approximately $79,000. XTX Topco Ltd acquired a new stake in Global Blue Group in the fourth quarter valued at approximately $87,000. Atom Investors LP lifted its stake in Global Blue Group by 20.2% in the third 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 lifted its stake in Global Blue Group by 74.8% in the fourth quarter. Renaissance Technologies LLC now owns 45,800 shares of the company's stock valued at $317,000 after acquiring an additional 19,600 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

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).