Upland Software, Inc. (NASDAQ:UPLD) Short Interest Update

Upland Software, Inc. (NASDAQ:UPLD) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 567,900 shares, an increase of 61.6% from the December 15th total of 351,500 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average trading volume of 378,800 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Upland Software currently has a consensus rating of “Moderate Buy” and an average target price of $3.75.

Institutional Trading of Upland Software

Large investors have recently bought and sold shares of the company. Rice Hall James & Associates LLC boosted its stake in shares of Upland Software by 115.4% in the third quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock valued at $1,467,000 after purchasing an additional 315,651 shares during the period. Renaissance Technologies LLC lifted its holdings in Upland Software by 180.6% in the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock worth $718,000 after buying an additional 185,617 shares in the last quarter. Heron Bay Capital Management purchased a new position in Upland Software in the 2nd quarter valued at about $185,000. Jacobs Levy Equity Management Inc. boosted its position in Upland Software by 21.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock valued at $636,000 after buying an additional 45,705 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Upland Software by 30.0% during the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock valued at $196,000 after acquiring an additional 18,134 shares in the last quarter. Institutional investors and hedge funds own 77.78% of the company’s stock.

Upland Software Stock Down 1.0 %

NASDAQ:UPLD traded down $0.04 during mid-day trading on Thursday, hitting $3.99. The company had a trading volume of 15,565 shares, compared to its average volume of 261,698. Upland Software has a 1 year low of $1.79 and a 1 year high of $5.64. The business has a fifty day simple moving average of $3.98 and a 200-day simple moving average of $2.90. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. The firm has a market capitalization of $109.49 million, a price-to-earnings ratio of -0.88 and a beta of 1.28.

About Upland Software

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.