E2open Parent Holdings, Inc. (NYSE:ETWO) Short Interest Update

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 10,520,000 shares, a decrease of 7.5% from the November 30th total of 11,370,000 shares. Currently, 4.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,640,000 shares, the short-interest ratio is currently 6.4 days.

Institutional Trading of E2open Parent

Several hedge funds and other institutional investors have recently bought and sold shares of ETWO. nVerses Capital LLC purchased a new stake in shares of E2open Parent in the 2nd quarter worth $48,000. Canada Pension Plan Investment Board purchased a new stake in shares of E2open Parent in the 2nd quarter worth approximately $50,000. MQS Management LLC bought a new position in shares of E2open Parent during the third quarter valued at approximately $57,000. Dark Forest Capital Management LP bought a new position in shares of E2open Parent during the second quarter valued at approximately $98,000. Finally, US Bancorp DE increased its holdings in E2open Parent by 2,028.3% during the third quarter. US Bancorp DE now owns 37,267 shares of the company's stock valued at $164,000 after buying an additional 35,516 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Loop Capital decreased their target price on E2open Parent from $4.00 to $3.00 and set a "hold" rating on the stock in a report on Monday, December 23rd. The Goldman Sachs Group cut shares of E2open Parent from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $3.50 to $2.90 in a research note on Wednesday, December 11th.

E2open Parent Price Performance

Shares of E2open Parent stock traded up $0.08 during trading on Wednesday, reaching $2.66. 975,452 shares of the stock traded hands, compared to its average volume of 1,920,327. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $911.50 million, a price-to-earnings ratio of -1.04, a P/E/G ratio of 1.16 and a beta of 0.98. E2open Parent has a 52-week low of $2.52 and a 52-week high of $5.07. The business has a fifty day simple moving average of $3.01 and a two-hundred day simple moving average of $3.80.

E2open Parent (NYSE:ETWO - Get Free Report) last released its quarterly earnings data on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.05. The business had revenue of $152.19 million for the quarter, compared to the consensus estimate of $152.33 million. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. Sell-side analysts expect that E2open Parent will post 0.19 EPS for the current 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.

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