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

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

E2open Parent Price Performance

ETWO remained flat at $2.99 on Tuesday. 873,556 shares of the company traded hands, compared to its average volume of 2,022,266. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -1.16, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. E2open Parent has a 1-year low of $2.89 and a 1-year high of $5.07. The company has a 50 day moving average of $3.60 and a 200-day moving average of $4.19.

E2open Parent (NYSE:ETWO - Get Free Report) last posted its quarterly earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share (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 business had revenue of $152.19 million for the quarter, compared to analyst estimates of $152.33 million. Equities research analysts expect that E2open Parent will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On E2open Parent

A number of institutional investors have recently modified their holdings of ETWO. Mirae Asset Global Investments Co. Ltd. bought a new position in E2open Parent in the 1st quarter valued at approximately $363,000. SG Americas Securities LLC acquired a new stake in shares of E2open Parent during the 1st quarter valued at $62,000. Swiss National Bank grew its position in E2open Parent by 11.2% during the 1st quarter. Swiss National Bank now owns 332,300 shares of the company's stock worth $1,475,000 after acquiring an additional 33,500 shares during the last quarter. ProShare Advisors LLC grew its position in E2open Parent by 9.9% during the 1st quarter. ProShare Advisors LLC now owns 30,909 shares of the company's stock worth $137,000 after acquiring an additional 2,780 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in E2open Parent by 12.9% in the 1st 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 in the last quarter.

Analysts Set New Price Targets

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

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.