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

E2open Parent Holdings, Inc. (NYSE:ETWO) saw a significant drop in short interest in the month of 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 company’s stock are sold short. Based on an average daily volume of 1,890,000 shares, the days-to-cover ratio is presently 7.3 days.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ETWO. Morgan Stanley initiated coverage on E2open Parent in a research report on Wednesday, January 17th. They set an “equal weight” rating and a $4.00 price target on the stock. UBS Group boosted their target price on shares of E2open Parent from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.29.

E2open Parent Stock Down 0.9 %

Shares of ETWO traded down $0.03 during trading on Tuesday, reaching $3.98. The company’s stock had a trading volume of 1,676,687 shares, compared to its average volume of 1,878,649. E2open Parent has a twelve month low of $2.15 and a twelve month high of $6.90. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -0.92, a P/E/G ratio of 17.03 and a beta of 1.02. The company has a fifty day moving average of $4.17 and a two-hundred day moving average of $3.84.

Institutional Trading of E2open Parent

Several institutional investors have recently added to or reduced their stakes in ETWO. Nomura Holdings Inc. grew its position in shares of E2open Parent by 908.4% in the 4th quarter. Nomura Holdings Inc. now owns 16,099,530 shares of the company’s stock worth $70,677,000 after acquiring an additional 14,503,050 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in E2open Parent by 83.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,103,999 shares of the company’s stock worth $71,396,000 after purchasing an additional 3,692,914 shares during the period. Sea Cliff Partners Management LP bought a new stake in E2open Parent during the fourth quarter valued at $14,020,000. Norges Bank acquired a new stake in shares of E2open Parent during the fourth quarter worth $13,168,000. Finally, Morgan Stanley lifted its position in shares of E2open Parent by 16.0% in the 4th quarter. Morgan Stanley now owns 18,283,194 shares of the company’s stock worth $107,322,000 after buying an additional 2,524,670 shares during the last quarter.

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 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.