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

Global Blue Group Holding AG (NYSE:GB - Get Free Report) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 105,700 shares, an increase of 23.3% from the October 15th total of 85,700 shares. Based on an average daily trading volume, of 49,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.3% of the shares of the stock are sold short.

Global Blue Group Price Performance

Shares of Global Blue Group stock traded up $0.11 on Friday, hitting $5.55. 34,251 shares of the company traded hands, compared to its average volume of 39,716. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50-day simple moving average of $5.43 and a 200 day simple moving average of $5.10. Global Blue Group has a 52 week low of $4.10 and a 52 week high of $5.94. The stock has a market capitalization of $1.05 billion, a P/E ratio of 39.64 and a beta of 0.42.

Global Blue Group (NYSE:GB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $126.75 million during the quarter, compared to analysts' expectations of $127.42 million. Global Blue Group had a return on equity of 48.62% and a net margin of 7.32%. Research analysts expect that Global Blue Group will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer began coverage on Global Blue Group in a research report on Thursday, October 24th. They issued an "outperform" rating and a $6.00 price objective on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Independent Advisor Alliance bought a new stake in Global Blue Group during the third quarter worth approximately $229,000. Atom Investors LP increased its position in shares of Global Blue Group by 20.2% during the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company's stock valued at $410,000 after purchasing an additional 12,625 shares during the last quarter. Sei Investments Co. raised its holdings in Global Blue Group by 8.6% during the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company's stock valued at $527,000 after buying an additional 8,646 shares during the period. Scalar Gauge Management LLC lifted its position in Global Blue Group by 21.0% in the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company's stock worth $1,581,000 after buying an additional 50,100 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Global Blue Group by 1,640.7% during 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 owned by hedge funds and other institutional investors.

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).