Short Interest in E2open Parent Holdings, Inc. (NYSE:ETWO) Expands By 12.7%

E2open Parent Holdings, Inc. (NYSE:ETWO) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 12,230,000 shares, a growth of 12.7% from the September 15th total of 10,850,000 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average trading volume of 2,210,000 shares, the short-interest ratio is currently 5.5 days.

Analyst Upgrades and Downgrades

ETWO has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price target on shares of E2open Parent from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Friday. UBS Group reduced their price target 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.

Institutional Trading of E2open Parent

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning increased its position in shares of E2open Parent by 219.1% during the 3rd quarter. Creative Planning now owns 37,425 shares of the company’s stock worth $165,000 after purchasing an additional 25,698 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of E2open Parent by 26.3% during the third quarter. Handelsbanken Fonder AB now owns 50,400 shares of the company’s stock valued at $222,000 after acquiring an additional 10,500 shares during the period. SG Americas Securities LLC bought a new position in shares of E2open Parent in the 3rd quarter valued at about $316,000. Algert Global LLC grew its stake in shares of 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 purchasing an additional 16,927 shares during the period. Finally, Sea Cliff Partners Management LP boosted its stake in 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 acquiring an additional 531,493 shares during the last quarter.

E2open Parent Trading Up 4.6 %

NYSE:ETWO opened at $3.21 on Tuesday. The stock’s 50 day moving average price is $4.19 and its 200 day moving average price is $4.40. E2open Parent has a 52 week low of $2.71 and a 52 week high of $5.07. The company has a market capitalization of $1.09 billion, a P/E ratio of -1.24, a P/E/G ratio of 1.35 and a beta of 0.92. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.00 and a current ratio of 1.00.

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.