XBP Europe Holdings, Inc. (NASDAQ:XBP) Sees Large Increase in Short Interest

XBP Europe Holdings, Inc. (NASDAQ:XBP) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 25,000 shares, an increase of 23.8% from the February 28th total of 20,200 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 134,400 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On XBP Europe

A hedge fund recently bought a new stake in XBP Europe stock. Mountain Hill Investment Partners Corp. purchased 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 purchased 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 holding. Mountain Hill Investment Partners Corp. owned about 1.66% of XBP Europe at the end of the most recent quarter. 15.72% of the stock is owned by institutional investors.

XBP Europe Stock Performance

NASDAQ:XBP opened at $1.36 on Tuesday. The firm has a 50-day simple moving average of $1.17 and a 200-day simple moving average of $1.13. XBP Europe has a one year low of $0.79 and a one year high of $4.33.

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.