Short Interest in Global Blue Group Holding AG (NYSE:GB) Grows By 23.3%

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

Global Blue Group Stock Up 2.0 %

Global Blue Group stock traded up $0.11 during mid-day trading on Friday, hitting $5.55. 34,251 shares of the company’s stock were exchanged, compared to its average volume of 39,716. Global Blue Group has a 1-year low of $4.10 and a 1-year high of $5.94. The stock has a 50 day moving average of $5.43 and a two-hundred day moving average of $5.10. The stock has a market cap of $1.05 billion, a P/E ratio of 39.64 and a beta of 0.42. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.92.

Global Blue Group (NYSE:GB) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $126.75 million during the quarter, compared to the consensus estimate of $127.42 million. Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. As a group, analysts anticipate that Global Blue Group will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer started coverage on shares of Global Blue Group in a research note on Thursday, October 24th. They issued an “outperform” rating and a $6.00 target price for the company.

Institutional Trading of Global Blue Group

Large investors have recently modified their holdings of the company. Sei Investments Co. grew its holdings in Global Blue Group by 4.1% in the 1st quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock valued at $528,000 after buying an additional 4,000 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Global Blue Group by 1,640.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock valued at $24,395,000 after acquiring an additional 4,770,550 shares during the period. Atom Investors LP grew its stake in shares of Global Blue Group by 20.2% in the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock worth $410,000 after acquiring an additional 12,625 shares during the last quarter. Scalar Gauge Management LLC increased its position in Global Blue Group by 21.0% during the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after acquiring an additional 50,100 shares during the period. Finally, Independent Advisor Alliance acquired a new position in Global Blue Group during the 3rd quarter valued at $229,000. 89.66% of the stock is owned by institutional investors.

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).