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

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 9,150,000 shares, a decrease 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. Approximately 3.9% of the company's shares are short sold.

Analyst Ratings Changes

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

Hedge Funds Weigh In On E2open Parent

Several large investors have recently made changes to their positions in ETWO. Norges Bank purchased a new position in shares of E2open Parent during the fourth quarter valued at approximately $6,151,000. Nomura Holdings Inc. lifted its holdings in shares of E2open Parent by 15.7% during the fourth quarter. Nomura Holdings Inc. now owns 14,725,233 shares of the company's stock valued at $39,169,000 after purchasing an additional 1,994,267 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of E2open Parent by 593.3% during the third quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company's stock valued at $8,644,000 after purchasing an additional 1,677,336 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of E2open Parent during the third quarter valued at approximately $6,360,000. Finally, Geode Capital Management LLC lifted its holdings in shares of E2open Parent by 19.1% during the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company's stock valued at $20,892,000 after purchasing an additional 759,398 shares during the last quarter.

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E2open Parent Stock Up 2.6 %

ETWO traded up $0.06 on Friday, hitting $2.25. The company had a trading volume of 1,077,298 shares, compared to its average volume of 1,173,347. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. E2open Parent has a 52-week low of $2.11 and a 52-week high of $5.08. The stock has a fifty day simple moving average of $2.59 and a 200-day simple moving average of $3.19. The firm has a market capitalization of $771.26 million, a P/E ratio of -1.51, a P/E/G ratio of 1.05 and a beta of 1.02.

E2open Parent (NYSE:ETWO - Get Free Report) last issued its quarterly earnings data on Friday, January 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. As a group, equities analysts expect that E2open Parent will post 0.19 EPS for the current fiscal year.

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.