From MarketBeat.:

Shares of E2open Parent Holdings, Inc. (NYSE:ETWO) saw a significant increase in short interest in December, with a total of 13,040,000 shares sold short, or about 5.4% of the total shares according to an average daily volume of 3,050,000 shares.

Several Wall Street analysts have lowered their target price on E2open Parent shares, with an average target price of $4.33 and a rating of “Hold”.

Institutional investors have also made moves, with some funds adding to their stakes while others reduced. Notably, Price T Rowe Associates Inc. MD boosted its holdings by 2.6% in the 2nd quarter.

ETWO stock traded up $0.02, hitting $3.63 on Monday with a trading volume of 1,099,000 shares and has a market capitalization of $1.10 billion.

E2open Parent reported $0.04 EPS for the quarter, with a negative net margin of 202.58% and a positive return on equity of 3.21% and is expected to post 0.18 earnings per share for the current fiscal year.

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, it targets blue-chip customers.

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Read more: E2open Parent Holdings, Inc. (NYSE:ETWO) Short Interest Up 6.6% in December