eGain Co. (NASDAQ:EGAN) Short Interest Update

eGain Co. (NASDAQ:EGAN - Get Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 315,000 shares, an increase of 7.5% from the November 30th total of 292,900 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 60,500 shares, the short-interest ratio is currently 5.2 days.

Wall Street Analyst Weigh In

EGAN has been the topic of a number of recent research reports. Craig Hallum increased their price objective on eGain from $6.00 to $7.00 and gave the company a "hold" rating in a research report on Friday, September 6th. Roth Mkm reiterated a "buy" rating and issued a $12.00 price objective on shares of eGain in a research report on Friday, September 6th. Finally, StockNews.com upgraded shares of eGain from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 20th.

Institutional Trading of eGain

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of eGain by 0.8% in the 3rd quarter. State Street Corp now owns 413,850 shares of the technology company's stock valued at $2,111,000 after buying an additional 3,428 shares during the last quarter. Williams & Novak LLC acquired a new stake in eGain in the third quarter valued at $66,000. Acadian Asset Management LLC grew its position in shares of eGain by 8.6% in the 2nd quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company's stock valued at $6,207,000 after acquiring an additional 78,051 shares during the period. Sei Investments Co. increased its stake in shares of eGain by 2.1% during the 2nd quarter. Sei Investments Co. now owns 163,132 shares of the technology company's stock worth $1,029,000 after purchasing an additional 3,384 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of eGain by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company's stock valued at $4,059,000 after purchasing an additional 20,600 shares during the period. 53.94% of the stock is currently owned by institutional investors and hedge funds.

eGain Stock Down 1.4 %

EGAN stock traded down $0.09 during mid-day trading on Thursday, hitting $6.14. 155,562 shares of the company were exchanged, compared to its average volume of 84,182. The firm has a market cap of $175.14 million, a P/E ratio of 32.32 and a beta of 0.46. eGain has a 1-year low of $4.71 and a 1-year high of $8.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.79 and a current ratio of 1.79. The firm's 50 day simple moving average is $5.49 and its 200 day simple moving average is $5.89.

About eGain

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.