Short Interest in XBP Europe Holdings, Inc. (NASDAQ:XBP) Drops By 27.4%

XBP Europe Holdings, Inc. (NASDAQ:XBP) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 31,000 shares, a decline of 27.4% from the January 15th total of 42,700 shares. Based on an average daily volume of 643,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.4% of the shares of the company are sold short.

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) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 500,175 shares of the company’s stock, valued at approximately $545,000. XBP Europe accounts for 0.6% of Mountain Hill Investment Partners Corp.’s portfolio, making the stock its 23rd biggest position. Mountain Hill Investment Partners Corp. owned 1.66% of XBP Europe as of its most recent SEC filing. 15.72% of the stock is owned by hedge funds and other institutional investors.

XBP Europe Stock Down 6.8 %

XBP stock opened at $1.24 on Friday. The company has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $1.14. XBP Europe has a one year low of $0.79 and a one year high of $4.33.

XBP Europe (NASDAQ:XBP) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.04) EPS for the quarter. The business had revenue of $35.40 million for the quarter.

About XBP Europe

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.