Global Blue Group Holding AG (NYSE:GB) Short Interest Update

Global Blue Group Holding AG (NYSE:GB) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 160,400 shares, a decrease of 31.3% from the April 30th total of 233,400 shares. Based on an average daily trading volume, of 303,400 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s shares are sold short.

Global Blue Group Stock Down 0.1%

Shares of GB traded down $0.01 during trading hours on Friday, reaching $7.44. The company’s stock had a trading volume of 72,875 shares, compared to its average volume of 220,880. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 35.40 and a beta of 0.45. Global Blue Group has a 1-year low of $4.29 and a 1-year high of $8.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30. The company has a 50 day moving average of $7.40 and a two-hundred day moving average of $7.02.

Institutional Trading of Global Blue Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WCM Investment Management LLC increased its position in Global Blue Group by 3.0% in the fourth quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company’s stock worth $13,437,000 after purchasing an additional 57,889 shares during the period. Gabelli Funds LLC acquired a new stake in Global Blue Group in the first quarter worth about $5,072,000. Carmignac Gestion acquired a new stake in Global Blue Group in the first quarter worth about $4,703,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Global Blue Group in the first quarter worth about $4,081,000. Finally, Groupe la Francaise acquired a new stake in Global Blue Group in the first quarter worth about $2,866,000. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Oppenheimer downgraded Global Blue Group from an “outperform” rating to a “market perform” rating in a 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).