E2open Parent Holdings, Inc. (NYSE:ETWO) Sees Significant Decrease in Short Interest

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 13,770,000 shares, a drop of 13.7% from the March 15th total of 15,950,000 shares. Currently, 5.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,890,000 shares, the short-interest ratio is currently 7.3 days.

E2open Parent Trading Down 3.7 %

Shares of NYSE:ETWO traded down $0.16 during midday trading on Friday, reaching $4.16. 1,044,157 shares of the company's stock were exchanged, compared to its average volume of 1,607,466. The firm's 50 day simple moving average is $4.16 and its two-hundred day simple moving average is $3.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -0.97, a P/E/G ratio of 17.04 and a beta of 1.02. E2open Parent has a fifty-two week low of $2.15 and a fifty-two week high of $6.90.

Institutional Trading of E2open Parent

A number of hedge funds and other institutional investors have recently modified their holdings of ETWO. Price T Rowe Associates Inc. MD boosted its holdings in E2open Parent by 2.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 52,601 shares of the company's stock valued at $409,000 after acquiring an additional 1,355 shares during the period. Mariner LLC boosted its holdings in E2open Parent by 8.0% during the 4th quarter. Mariner LLC now owns 23,700 shares of the company's stock valued at $139,000 after acquiring an additional 1,755 shares during the period. Legal & General Group Plc boosted its holdings in E2open Parent by 1.5% during the 4th quarter. Legal & General Group Plc now owns 160,108 shares of the company's stock valued at $940,000 after acquiring an additional 2,365 shares during the period. ProShare Advisors LLC boosted its holdings in E2open Parent by 10.7% during the 2nd quarter. ProShare Advisors LLC now owns 25,955 shares of the company's stock valued at $145,000 after acquiring an additional 2,505 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in E2open Parent by 18.0% during the 3rd quarter. Principal Financial Group Inc. now owns 25,004 shares of the company's stock valued at $114,000 after acquiring an additional 3,813 shares during the period.

Analysts Set New Price Targets

A number of research analysts have weighed in on ETWO shares. UBS Group raised their price objective on E2open Parent from $4.00 to $4.50 and gave the company a "neutral" rating in a report on Wednesday, January 10th. Morgan Stanley started coverage on E2open Parent in a report on Wednesday, January 17th. They issued an "equal weight" rating and a $4.00 price objective on the stock. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $4.29.

E2open Parent Company Profile

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 software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. The company's software combines networks, data, and applications to provide a platform that allows customers to optimize their channel and supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.