E2open Parent Holdings, Inc. (NYSE:ETWO) Short Interest Update

E2open Parent Holdings, Inc. (NYSE:ETWO) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 13,820,000 shares, an increase of 6.3% from the October 15th total of 13,000,000 shares. Based on an average daily volume of 2,260,000 shares, the short-interest ratio is presently 6.1 days. Currently, 5.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new position in E2open Parent during the first quarter valued at approximately $30,000. Innealta Capital LLC purchased a new stake in shares of E2open Parent in the second quarter valued at approximately $34,000. nVerses Capital LLC purchased a new stake in shares of E2open Parent in the second quarter valued at approximately $48,000. Canada Pension Plan Investment Board purchased a new stake in shares of E2open Parent in the second quarter valued at approximately $50,000. Finally, MQS Management LLC purchased a new stake in shares of E2open Parent in the third quarter valued at approximately $57,000.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut their price target on E2open Parent from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Friday, October 11th.

E2open Parent Stock Performance

Shares of E2open Parent stock traded up $0.02 on Tuesday, reaching $3.00. 181,126 shares of the stock were exchanged, compared to its average volume of 2,019,786. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. E2open Parent has a twelve month low of $2.89 and a twelve month high of $5.07. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -1.16, a PEG ratio of 1.16 and a beta of 0.98. The business has a 50 day moving average price of $3.62 and a two-hundred day moving average price of $4.20.

E2open Parent (NYSE:ETWO) last released its earnings results on Wednesday, October 9th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $152.19 million during the quarter, compared to the consensus estimate of $152.33 million. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. Analysts anticipate that E2open Parent will post 0.19 earnings per share for the current fiscal year.

About E2open Parent

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.