Short Interest in Global Blue Group Holding AG (NYSE:GB) Declines By 8.1%

Global Blue Group Holding AG (NYSE:GB) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 143,700 shares, a decrease of 8.1% from the October 15th total of 156,400 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 34,300 shares, the short-interest ratio is presently 4.2 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Global Blue Group in a report on Tuesday, September 12th. They set a “buy” rating and a $8.00 target price on the stock.

Institutional Investors Weigh In On Global Blue Group

Several hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its holdings in shares of Global Blue Group by 216.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock valued at $26,000 after purchasing an additional 3,876 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Global Blue Group by 650.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,500 shares of the company’s stock valued at $34,000 after buying an additional 6,500 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new position in Global Blue Group in the 3rd quarter valued at about $49,000. Sei Investments Co. bought a new position in Global Blue Group in the 2nd quarter valued at about $320,000. Finally, Boston Partners acquired a new stake in Global Blue Group during the first quarter worth approximately $462,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

Global Blue Group Stock Performance

NYSE:GB traded down $0.08 during mid-day trading on Friday, hitting $5.01. The stock had a trading volume of 6,133 shares, compared to its average volume of 35,620. Global Blue Group has a twelve month low of $3.49 and a twelve month high of $7.60. The company has a debt-to-equity ratio of 47.51, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $951.20 million, a price-to-earnings ratio of -500.50 and a beta of 0.43. The company’s 50 day simple moving average is $5.47 and its 200 day simple moving average is $5.27.

Global Blue Group (NYSE:GB) last released its quarterly earnings data on Monday, August 28th. The company reported $0.01 earnings per share (EPS) for the quarter. Global Blue Group had a negative return on equity of 48.47% and a negative net margin of 0.40%. The company had revenue of $102.85 million during the quarter.

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).