E2open Parent Holdings, Inc. (NYSE:ETWO) Sees Significant Decline in Short Interest

E2open Parent Holdings, Inc. (NYSE:ETWO) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 9,150,000 shares, a decline of 17.2% from the January 31st total of 11,050,000 shares. Based on an average daily volume of 1,220,000 shares, the short-interest ratio is currently 7.5 days. Currently, 3.9% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ETWO. The Goldman Sachs Group cut E2open Parent from a “neutral” rating to a “sell” rating and cut their price target for the company from $3.50 to $2.90 in a report on Wednesday, December 11th. Morgan Stanley decreased their price target on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Loop Capital cut their price objective on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Monday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Bayesian Capital Management LP acquired a new position in shares of E2open Parent in the 4th quarter valued at about $35,000. Tidal Investments LLC acquired a new position in shares of E2open Parent in the fourth quarter worth $38,000. MQS Management LLC purchased a new stake in shares of E2open Parent during the third quarter worth $57,000. KLP Kapitalforvaltning AS acquired a new stake in E2open Parent during the fourth quarter valued at $86,000. Finally, Occudo Quantitative Strategies LP acquired a new position in E2open Parent in the fourth quarter worth approximately $101,000.

E2open Parent Price Performance

Shares of ETWO traded up $0.06 during trading hours on Wednesday, hitting $2.19. 1,314,909 shares of the company were exchanged, compared to its average volume of 1,181,508. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $749.98 million, a PE ratio of -1.47, a PEG ratio of 1.05 and a beta of 1.00. The firm has a fifty day simple moving average of $2.62 and a 200-day simple moving average of $3.23. E2open Parent has a one year low of $2.11 and a one year high of $5.08.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings data on Friday, January 10th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. As a group, sell-side analysts predict that E2open Parent will post 0.19 earnings per share 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.