Shares last traded at $2.95 which is marginally over $2.75, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $1.93. The 50 day moving average moved up $0.20 whereas the 200 day moving average was up $1.02 or +52.77%. (NASDAQ:EGAN) shares saw light trading volume with 4,481 shares changing hands in the last trading session. Trading volume was down 69.40% under the stocks average daily volume.
Traders are more bearish on shares of eGain Corporation if you pay attention to the motion in short interest. The company saw a rise in short interest between September 15, 2017 and September 29, 2017 of 12.96%. Short shares grew 7,962 over that period. With short interest at 69,404 and short average daily volume at 92,023, the short-interest ratio is 1.0 and the short interest percentage is 0.00% as of September 29.
These firms have modified their investment in EGAN. As of quarter end Bank Of NEW York Mellon Corp had sold a total of 1,238 shares trimming its position 99.9%. The value of the investment in eGain Corporation went from $2,000 to $0 a change of $2,000 for the reporting period. As of the end of the quarter Blackrock Inc. had disposed of 4,740 shares trimming its holdings by 79.4%. The value of the company’s investment in eGain Corporation decreased from $9,000 to $2,000 a change of 77.8% quarter to quarter.
Tower Research Capital LLC (trc) trimmed its stake by selling 3,179 shares a decrease of 100.0% from 03/31/2017 to 06/30/2017. Tower Research Capital LLC (trc) currently owns 0 shares valued at $0. The value of the position overall is down by 100.0%. Spark Investment Management LLC cut its investment by shedding 15,497 shares a decrease of 42.2% as of 06/30/2017. Spark Investment Management LLC claims 21,200 shares with a value of $34,000. The total value of its holdings decreased 35.8%.
As of the last earnings report the EPS was $-0.22 and is projected to be $-0.21 for the current year with 27,230,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $-0.05 and the next full year EPS is projected to be $-0.33.
eGain Corporation (eGain), launched on September 10,1997, provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Business’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies. The Company provides analytics capability to various contact centers for intra-day resource measurement and management, managing operational agility, and agent productivity. The Company is involved in the development, license, implementation and support of customer service infrastructure software solutions. The Company offers eGain solution, which is designed for B2C businesses to do business with their customers. The Company has operations in the United States, the United Kingdom and India..