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

E2open Parent Holdings, Inc. (NYSE:ETWO) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 11,700,000 shares, a decline of 9.9% from the August 15th total of 12,990,000 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,920,000 shares, the short-interest ratio is presently 6.1 days.

Analyst Ratings Changes

Several research firms have weighed in on ETWO. The Goldman Sachs Group dropped their target price on shares of E2open Parent from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. UBS Group dropped their price objective on shares of E2open Parent from $4.50 to $4.20 and set a “neutral” rating for the company in a research note on Thursday, July 11th.

E2open Parent Trading Up 0.5 %

ETWO stock traded up $0.02 on Wednesday, hitting $4.46. 4,101,538 shares of the company were exchanged, compared to its average volume of 1,973,479. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -1.72, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92. The business’s fifty day moving average is $4.35 and its two-hundred day moving average is $4.42. E2open Parent has a twelve month low of $2.15 and a twelve month high of $5.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 1.00.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings results on Wednesday, July 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). E2open Parent had a negative net margin of 125.24% and a positive return on equity of 3.36%. The business had revenue of $151.16 million during the quarter, compared to analysts’ expectations of $155.48 million. During the same quarter in the previous year, the business posted $0.05 EPS. As a group, research analysts forecast that E2open Parent will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On E2open Parent

Institutional investors and hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC purchased a new position in shares of E2open Parent in the first quarter valued at $30,000. Innealta Capital LLC acquired a new stake in E2open Parent during the 2nd quarter valued at approximately $34,000. nVerses Capital LLC purchased a new stake in E2open Parent during the 2nd quarter worth approximately $48,000. Canada Pension Plan Investment Board acquired a new position in shares of E2open Parent in the 2nd quarter valued at approximately $50,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of E2open Parent during the 4th quarter valued at approximately $55,000.

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.