Short Interest in eGain Co. (NASDAQ:EGAN) Decreases By 8.3%

eGain Co. (NASDAQ:EGAN) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 365,900 shares, a decrease of 8.3% from the January 15th total of 399,200 shares. Based on an average daily volume of 97,800 shares, the short-interest ratio is presently 3.7 days. Currently, 2.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EGAN. Assenagon Asset Management S.A. boosted its position in eGain by 17.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 73,401 shares of the technology company’s stock valued at $374,000 after buying an additional 10,933 shares during the last quarter. Seizert Capital Partners LLC boosted its position in eGain by 99.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company’s stock valued at $194,000 after buying an additional 18,989 shares during the last quarter. Gladius Capital Management LP bought a new position in eGain in the 3rd quarter valued at $84,000. State Street Corp boosted its position in eGain by 0.8% in the 3rd quarter. State Street Corp now owns 413,850 shares of the technology company’s stock valued at $2,111,000 after buying an additional 3,428 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in eGain by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock valued at $182,000 after buying an additional 5,144 shares during the last quarter. 53.94% of the stock is currently owned by institutional investors.

eGain Price Performance

Shares of EGAN traded down $1.14 on Monday, hitting $5.13. The company’s stock had a trading volume of 275,259 shares, compared to its average volume of 82,629. The company has a market capitalization of $146.31 million, a PE ratio of 27.00 and a beta of 0.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.79 and a quick ratio of 1.79. eGain has a fifty-two week low of $4.71 and a fifty-two week high of $7.62. The company has a 50 day moving average price of $6.17 and a 200 day moving average price of $5.84.

eGain (NASDAQ:EGAN) last announced its earnings results on Thursday, February 13th. The technology company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. eGain had a return on equity of 9.53% and a net margin of 6.45%. On average, research analysts anticipate that eGain will post 0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on EGAN. StockNews.com upgraded eGain from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Roth Mkm reissued a “buy” rating and issued a $10.00 target price (down from $12.00) on shares of eGain in a report on Friday.

eGain Company Profile

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.