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

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

E2open Parent Stock Up 2.1 %

Shares of ETWO stock opened at $3.20 on Thursday. E2open Parent has a twelve month low of $2.77 and a twelve month high of $5.07. The stock has a market cap of $1.09 billion, a P/E ratio of -1.23, a P/E/G ratio of 1.35 and a beta of 0.92. The stock has a 50 day moving average of $4.15 and a 200 day moving average of $4.38. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66.

Hedge Funds Weigh In On E2open Parent

Several institutional investors have recently made changes to their positions in ETWO. Vanguard Group Inc. grew its position in E2open Parent by 12.9% during the first quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock valued at $110,001,000 after buying an additional 2,823,090 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of E2open Parent by 17.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,845 shares of the company’s stock valued at $217,000 after acquiring an additional 7,399 shares during the period. Sea Cliff Partners Management LP raised its holdings in E2open Parent by 14.1% in the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock worth $19,351,000 after purchasing an additional 531,493 shares during the period. Dimensional Fund Advisors LP grew its holdings in E2open Parent by 23.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock valued at $30,537,000 after purchasing an additional 1,272,370 shares during the period. Finally, Empowered Funds LLC increased its position in shares of E2open Parent by 8.2% in the first quarter. Empowered Funds LLC now owns 668,267 shares of the company’s stock valued at $2,967,000 after buying an additional 50,587 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ETWO shares. The Goldman Sachs Group lowered their price target on E2open Parent from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Friday, October 11th. UBS Group dropped their price objective on shares of E2open Parent from $4.50 to $4.20 and set a “neutral” rating on the stock in a report on Thursday, July 11th.

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 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.