E2open Parent Holdings, Inc. (NYSE:ETWO) Short Interest Down 7.3% in September

E2open Parent Holdings, Inc. (NYSE:ETWO) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 10,850,000 shares, a decline of 7.3% from the August 31st total of 11,700,000 shares. Based on an average daily volume of 2,210,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 4.6% of the company’s stock are sold short.

Hedge Funds Weigh In On E2open Parent

Several institutional investors and hedge funds have recently modified their holdings of the stock. Algert Global LLC increased its holdings in shares of E2open Parent by 36.8% in the second quarter. Algert Global LLC now owns 62,867 shares of the company’s stock valued at $282,000 after purchasing an additional 16,927 shares during the last quarter. Sea Cliff Partners Management LP increased its holdings in shares of E2open Parent by 14.1% in the second quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock valued at $19,351,000 after purchasing an additional 531,493 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of E2open Parent by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 100,381 shares of the company’s stock valued at $451,000 after purchasing an additional 7,566 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of E2open Parent in the second quarter valued at $98,000. Finally, AXA S.A. boosted its position in shares of E2open Parent by 12.3% in the second quarter. AXA S.A. now owns 418,186 shares of the company’s stock valued at $1,878,000 after acquiring an additional 45,865 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. The Goldman Sachs Group cut their price objective on shares of E2open Parent from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. UBS Group cut their price objective on shares of E2open Parent from $4.50 to $4.20 and set a “neutral” rating on the stock in a research report on Thursday, July 11th.

E2open Parent Stock Down 5.7 %

ETWO traded down $0.25 during trading on Tuesday, reaching $4.16. 645,488 shares of the stock were exchanged, compared to its average volume of 2,030,579. The stock has a market cap of $1.42 billion, a P/E ratio of -1.70, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. E2open Parent has a twelve month low of $2.15 and a twelve month high of $5.07. The stock’s 50 day moving average price is $4.34 and its two-hundred day moving average price is $4.43. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.00 and a current ratio of 1.00.

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

E2open Parent Company Profile

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.