eGain Co. (NASDAQ:EGAN) Short Interest Update

eGain Co. (NASDAQ:EGAN - Get Free Report) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 292,900 shares, a drop of 7.8% from the November 15th total of 317,600 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 59,500 shares, the short-interest ratio is currently 4.9 days.

Analyst Ratings Changes

EGAN has been the topic of several analyst reports. Craig Hallum raised their target price on eGain from $6.00 to $7.00 and gave the stock a "hold" rating in a report on Friday, September 6th. Roth Mkm reaffirmed a "buy" rating and set a $12.00 target price on shares of eGain in a report on Friday, September 6th. Finally, StockNews.com raised shares of eGain from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 20th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Williams & Novak LLC purchased a new stake in eGain in the 3rd quarter worth $66,000. Gladius Capital Management LP acquired a new position in shares of eGain during the 3rd quarter worth about $84,000. Jane Street Group LLC lifted its stake in eGain by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company's stock valued at $182,000 after buying an additional 5,144 shares in the last quarter. Seizert Capital Partners LLC boosted its holdings in eGain by 99.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company's stock worth $194,000 after buying an additional 18,989 shares during the last quarter. Finally, Barclays PLC increased its stake in eGain by 48.5% during the 3rd quarter. Barclays PLC now owns 60,513 shares of the technology company's stock worth $308,000 after buying an additional 19,772 shares in the last quarter. 53.94% of the stock is owned by institutional investors and hedge funds.

eGain Price Performance

NASDAQ EGAN traded up $0.09 during trading hours on Monday, reaching $5.66. The company's stock had a trading volume of 44,240 shares, compared to its average volume of 81,008. The firm has a market capitalization of $161.45 million, a price-to-earnings ratio of 29.68 and a beta of 0.46. The company's 50-day moving average is $5.24 and its two-hundred day moving average is $5.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.79 and a quick ratio of 1.79. eGain has a 1-year low of $4.71 and a 1-year high of $8.52.

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.