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

E2open Parent Holdings, Inc. (NYSE:ETWO) was the target of a significant 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. Approximately 5.9% of the shares of the company are short sold. Based on an average daily trading volume, of 2,260,000 shares, the short-interest ratio is currently 6.1 days.

E2open Parent Price Performance

Shares of ETWO traded up $0.02 during midday trading on Tuesday, reaching $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 200-day moving average price is $4.20. 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. E2open Parent has a 52 week low of $2.89 and a 52 week high of $5.07. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings data on Wednesday, October 9th. The company reported $0.05 earnings per share for the quarter, meeting 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 during the quarter, compared to analyst estimates of $152.33 million. On average, analysts forecast that E2open Parent will post 0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price target on E2open Parent from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, October 11th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of E2open Parent by 12.9% during the first quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock worth $110,001,000 after purchasing an additional 2,823,090 shares during the period. Bank of Montreal Can acquired a new position in shares of E2open Parent in the second quarter worth about $31,460,000. Dimensional Fund Advisors LP raised its holdings in shares of E2open Parent by 23.0% during the second quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock valued at $30,537,000 after acquiring an additional 1,272,370 shares during the period. State Street Corp lifted its position in shares of E2open Parent by 5.1% in the 3rd quarter. State Street Corp now owns 4,837,532 shares of the company’s stock valued at $21,334,000 after acquiring an additional 233,292 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in E2open Parent by 19.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock worth $20,892,000 after purchasing an additional 759,398 shares in the last quarter.

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.