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Manhattan Associates (NASDAQ:MANH) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 1,467,195 shares, a decrease of 23.0% from the April 15th total of 1,906,232 shares, AR Network reports. Based on an average trading volume of 659,799 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.0% of the shares of the stock are sold short.

A number of research firms have recently commented on MANH. Analysts at Zacks upgraded shares of Manhattan Associates from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 24th. They now have a $41.40 price target on the stock. Analysts at B. Riley initiated coverage on shares of Manhattan Associates in a research note on Thursday, February 27th. They set a “buy” rating and a $43.00 price target on the stock.

Manhattan Associates (NASDAQ:MANH) opened at 31.62 on Wednesday. Manhattan Associates has a 52 week low of $17.8475 and a 52 week high of $40.79. The stock’s 50-day moving average is $32.36 and its 200-day moving average is $32.52. The company has a market cap of $2.396 billion and a P/E ratio of 34.23.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.05. The company had revenue of $113.60 million for the quarter, compared to the consensus estimate of $106.43 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that Manhattan Associates will post $1.07 earnings per share for the current fiscal year.

Manhattan Associates, Inc (NASDAQ:MANH) is a developer and implementer of supply chain software solutions that help organizations optimize their supply chain operations from planning through execution.

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