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

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

XBP Europe Stock Performance

NASDAQ:XBP opened at $1.11 on Friday. The firm’s 50-day moving average is $1.13 and its 200-day moving average is $1.13. XBP Europe has a 52-week low of $0.79 and a 52-week high of $4.33.

Hedge Funds Weigh In On XBP Europe

An institutional investor recently bought a new position in XBP Europe stock. Mountain Hill Investment Partners Corp. acquired a new position in shares of XBP Europe Holdings, Inc. (NASDAQ:XBP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 500,175 shares of the company’s stock, valued at approximately $545,000. XBP Europe accounts for about 0.6% of Mountain Hill Investment Partners Corp.’s portfolio, making the stock its 23rd largest holding. Mountain Hill Investment Partners Corp. owned approximately 1.66% of XBP Europe as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 15.72% of the company’s stock.

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.