E2open Parent Holdings, Inc. (NYSE:ETWO) Short Interest Up 12.7% in September

by · The Markets Daily

E2open Parent Holdings, Inc. (NYSE:ETWO – Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 12,230,000 shares, an increase of 12.7% from the September 15th total of 10,850,000 shares. Currently, 5.2% of the shares of the stock are sold short. Based on an average daily volume of 2,210,000 shares, the days-to-cover ratio is currently 5.5 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ETWO shares. The Goldman Sachs Group decreased their price target on shares of E2open Parent from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Friday, October 11th. UBS Group decreased their target price on shares of E2open Parent from $4.50 to $4.20 and set a “neutral” rating on the stock in a research note on Thursday, July 11th.

Check Out Our Latest Stock Report on E2open Parent

E2open Parent Price Performance

Shares of ETWO stock opened at $3.20 on Thursday. The firm’s 50-day moving average is $4.15 and its two-hundred day moving average is $4.38. E2open Parent has a 12 month low of $2.77 and a 12 month high of $5.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $1.09 billion, a PE ratio of -1.23, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92.

Institutional Trading of E2open Parent

Several institutional investors have recently made changes to their positions in ETWO. EntryPoint Capital LLC acquired a new position in shares of E2open Parent in the 1st quarter valued at $30,000. Innealta Capital LLC acquired a new stake in shares of E2open Parent during the second quarter valued at about $34,000. nVerses Capital LLC purchased a new stake in shares of E2open Parent in the 2nd quarter valued at approximately $48,000. Canada Pension Plan Investment Board acquired a new position in shares of E2open Parent in the 2nd quarter worth approximately $50,000. Finally, SG Americas Securities LLC purchased a new position in shares of E2open Parent during the 1st quarter worth approximately $62,000.

About E2open Parent

(Get Free Report)

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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