eGain Co. (NASDAQ:EGAN) Short Interest Update

eGain Co. (NASDAQ:EGAN) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 315,000 shares, an increase of 7.5% from the November 30th total of 292,900 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 60,500 shares, the short-interest ratio is currently 5.2 days.

eGain Trading Up 1.4 %

Shares of NASDAQ EGAN traded up $0.09 during mid-day trading on Thursday, hitting $6.32. The company’s stock had a trading volume of 29,202 shares, compared to its average volume of 84,182. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $180.27 million, a price-to-earnings ratio of 33.26 and a beta of 0.46. The company’s fifty day simple moving average is $5.46 and its 200-day simple moving average is $5.89. eGain has a one year low of $4.71 and a one year high of $8.30.

Hedge Funds Weigh In On eGain

Institutional investors have recently modified their holdings of the stock. Williams & Novak LLC bought a new position in shares of eGain during the third quarter worth $66,000. JPMorgan Chase & Co. lifted its holdings in shares of eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock valued at $79,000 after purchasing an additional 1,613 shares in the last quarter. Gladius Capital Management LP acquired a new stake in eGain during the 3rd quarter worth approximately $84,000. Jane Street Group LLC lifted 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 acquiring an additional 5,144 shares in the last quarter. Finally, Seizert Capital Partners LLC grew its holdings in shares of eGain by 99.5% during the third quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company’s stock worth $194,000 after buying an additional 18,989 shares in the last quarter. 53.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on EGAN shares. StockNews.com raised eGain from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th. Roth Mkm reaffirmed a “buy” rating and set a $12.00 price objective on shares of eGain in a report on Friday, September 6th. Finally, Craig Hallum lifted their price objective on eGain from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Friday, September 6th.

About eGain

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.