E2open Parent Holdings, Inc. (NYSE:ETWO) Short Interest Up 10.3% in July

E2open Parent Holdings, Inc. (NYSE:ETWO) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 13,420,000 shares, a growth of 10.3% from the June 30th total of 12,170,000 shares. Approximately 5.7% of the company’s stock are short sold. Based on an average trading volume of 2,070,000 shares, the days-to-cover ratio is currently 6.5 days.

E2open Parent Stock Up 3.5 %

Shares of NYSE ETWO traded up $0.16 during mid-day trading on Tuesday, hitting $4.78. The stock had a trading volume of 72,977 shares, compared to its average volume of 1,955,214. The company has a 50 day moving average of $4.56 and a two-hundred day moving average of $4.33. E2open Parent has a twelve month low of $2.15 and a twelve month high of $5.21. 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 issued its earnings results on Wednesday, July 10th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $151.16 million during the quarter, compared to analysts’ expectations of $155.48 million. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, equities research analysts forecast that E2open Parent will post 0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ETWO shares. UBS Group cut their target price on E2open Parent from $4.50 to $4.20 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. The Goldman Sachs Group cut their price target on shares of E2open Parent from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th.

Institutional Investors Weigh In On E2open Parent

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in E2open Parent by 12.9% in the first quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock valued at $110,001,000 after buying an additional 2,823,090 shares in the last quarter. Nomura Holdings Inc. raised its position in shares of E2open Parent by 908.4% in the fourth quarter. Nomura Holdings Inc. now owns 16,099,530 shares of the company’s stock valued at $70,677,000 after buying an additional 14,503,050 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of E2open Parent by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,501,581 shares of the company’s stock worth $19,764,000 after buying an additional 399,619 shares in the last quarter. Sea Cliff Partners Management LP acquired a new position in E2open Parent during the fourth quarter worth about $14,020,000. Finally, Norges Bank acquired a new stake in E2open Parent in the 4th quarter valued at about $13,168,000.

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.