Short Interest in E2open Parent Holdings, Inc. (NYSE:ETWO) Increases By 6.3%

E2open Parent Holdings, Inc. (NYSE:ETWO) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 13,820,000 shares, an increase of 6.3% from the October 15th total of 13,000,000 shares. Based on an average daily trading volume, of 2,260,000 shares, the days-to-cover ratio is presently 6.1 days. Approximately 5.9% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group decreased their target price on shares of E2open Parent from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Friday, October 11th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in E2open Parent during the second quarter worth approximately $31,460,000. Vanguard Group Inc. boosted its holdings in E2open Parent by 12.9% during the first quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock valued at $110,001,000 after acquiring an additional 2,823,090 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of E2open Parent in the first quarter valued at about $7,045,000. Jacobs Levy Equity Management Inc. bought a new position in shares of E2open Parent in the third quarter worth about $6,360,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of E2open Parent by 23.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock worth $30,537,000 after purchasing an additional 1,272,370 shares during the last quarter.

E2open Parent Stock Up 0.7 %

Shares of NYSE ETWO traded up $0.02 during trading hours on Tuesday, hitting $3.00. The stock had a trading volume of 168,009 shares, compared to its average volume of 2,019,727. The firm’s 50-day moving average price is $3.62 and its two-hundred day moving average price is $4.20. E2open Parent has a 52 week low of $2.89 and a 52 week high of $5.07. The company has a market capitalization of $1.03 billion, a P/E ratio of -1.16, a P/E/G ratio of 1.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings results on Wednesday, October 9th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. The company had revenue of $152.19 million for the quarter, compared to analyst estimates of $152.33 million. Analysts anticipate that E2open Parent will post 0.19 EPS for the current fiscal 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.