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

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

Institutional Trading of E2open Parent

Institutional investors have recently added to or reduced their stakes in the stock. Algert Global LLC raised its position in E2open Parent by 36.8% during the second quarter. Algert Global LLC now owns 62,867 shares of the company’s stock worth $282,000 after acquiring an additional 16,927 shares during the last quarter. Sea Cliff Partners Management LP increased its stake in shares of E2open Parent by 14.1% during the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock worth $19,351,000 after purchasing an additional 531,493 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of E2open Parent by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 100,381 shares of the company’s stock worth $451,000 after purchasing an additional 7,566 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in E2open Parent in the 2nd quarter valued at approximately $98,000. Finally, AXA S.A. lifted its stake in E2open Parent by 12.3% in the 2nd quarter. AXA S.A. now owns 418,186 shares of the company’s stock valued at $1,878,000 after buying an additional 45,865 shares in the last quarter.

E2open Parent Stock Performance

NYSE:ETWO traded down $0.26 during mid-day trading on Tuesday, reaching $4.15. 1,211,625 shares of the stock were exchanged, compared to its average volume of 2,033,575. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. E2open Parent has a 1 year low of $2.15 and a 1 year high of $5.07. The company has a 50 day simple moving average of $4.34 and a 200-day simple moving average of $4.43. The stock has a market capitalization of $1.41 billion, a P/E ratio of -1.70, a P/E/G ratio of 1.44 and a beta of 0.92.

E2open Parent (NYSE:ETWO) last released 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). The business had revenue of $151.16 million during the quarter, compared to analysts’ expectations of $155.48 million. E2open Parent had a negative net margin of 125.24% and a positive return on equity of 3.36%. During the same quarter last year, the company earned $0.05 EPS. Analysts anticipate that E2open Parent will post 0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on ETWO. The Goldman Sachs Group cut their price target on 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 reduced their price target on E2open Parent from $4.50 to $4.20 and set a “neutral” rating on the stock in a report on Thursday, July 11th.

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.