eGain Corporation (NASDAQ:EGAN) Sees Large Drop in Short Interest

eGain Corporation (NASDAQ:EGAN) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 914,360 shares, a decline of 14.2% from the January 15th total of 1,066,081 shares. Currently, 5.4% of the company’s stock are short sold. Based on an average daily volume of 166,004 shares, the days-to-cover ratio is presently 5.5 days. Based on an average daily volume of 166,004 shares, the days-to-cover ratio is presently 5.5 days. Currently, 5.4% of the company’s stock are short sold.

eGain Price Performance

Shares of EGAN traded down $0.18 on Tuesday, reaching $9.81. The company’s stock had a trading volume of 245,371 shares, compared to its average volume of 227,090. The stock’s 50 day simple moving average is $10.34 and its two-hundred day simple moving average is $10.10. The stock has a market capitalization of $268.70 million, a P/E ratio of 7.60 and a beta of 0.80. eGain has a 12-month low of $4.34 and a 12-month high of $15.95.

eGain (NASDAQ:EGAN) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $22.98 million for the quarter, compared to the consensus estimate of $22.42 million. eGain had a net margin of 39.77% and a return on equity of 11.13%. eGain has set its Q3 2026 guidance at 0.060-0.080 EPS and its FY 2026 guidance at 0.310-0.360 EPS. Analysts expect that eGain will post 0.05 earnings per share for the current year.

Institutional Trading of eGain

A number of hedge funds and other institutional investors have recently bought and sold shares of EGAN. Ritholtz Wealth Management purchased a new position in shares of eGain during the 2nd quarter valued at about $194,000. Kestra Advisory Services LLC bought a new stake in eGain during the 4th quarter worth approximately $63,000. Caitong International Asset Management Co. Ltd bought a new stake in eGain during the 4th quarter worth approximately $41,000. Hillsdale Investment Management Inc. lifted its holdings in eGain by 562.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 258,305 shares of the technology company’s stock valued at $2,658,000 after purchasing an additional 219,305 shares in the last quarter. Finally, Legato Capital Management LLC boosted its position in shares of eGain by 51.0% in the fourth quarter. Legato Capital Management LLC now owns 42,506 shares of the technology company’s stock worth $437,000 after purchasing an additional 14,354 shares during the period. Hedge funds and other institutional investors own 53.94% of the company’s stock.

Wall Street Analyst Weigh In

EGAN has been the topic of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and set a $20.00 price target on shares of eGain in a report on Wednesday, February 4th. B. Riley Financial began coverage on eGain in a report on Friday, January 23rd. They issued a “neutral” rating and a $10.50 target price for the company. Zacks Research downgraded eGain from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of eGain in a report on Friday, January 9th. Finally, Wall Street Zen upgraded shares of eGain from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.25.

eGain Company Profile

eGain Incorporated (NASDAQ: EGAN) is a software company specializing in cloud-based customer engagement solutions. Its platform integrates knowledge management, analytics, and artificial intelligence to help organizations streamline customer service across digital channels. By centralizing information and automating routine interactions, eGain aims to improve agent productivity, reduce response times, and deliver consistent customer experiences.

The company’s product suite includes tools for knowledge authoring and delivery, AI-powered chatbots, case management, and predictive analytics.