XBP Europe Holdings, Inc. (NASDAQ:XBP) Sees Significant Decrease in Short Interest

XBP Europe Holdings, Inc. (NASDAQ:XBP) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 20,200 shares, a decrease of 53.7% from the February 13th total of 43,600 shares. Based on an average trading volume of 133,500 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On XBP Europe

An institutional investor recently bought a new position in XBP Europe stock. Mountain Hill Investment Partners Corp. bought a new stake in XBP Europe Holdings, Inc. (NASDAQ:XBP) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 500,175 shares of the company’s stock, valued at approximately $545,000. XBP Europe comprises 0.6% of Mountain Hill Investment Partners Corp.’s holdings, making the stock its 23rd biggest holding. Mountain Hill Investment Partners Corp. owned approximately 1.66% of XBP Europe at the end of the most recent reporting period. 15.72% of the stock is currently owned by hedge funds and other institutional investors.

XBP Europe Stock Performance

XBP opened at $1.11 on Friday. The business has a 50 day moving average price of $1.13 and a 200 day moving average price of $1.13. XBP Europe has a twelve month low of $0.79 and a twelve month high of $4.33.

XBP Europe Company Profile

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries.