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

Upland Software, Inc. (NASDAQ:UPLD) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 351,500 shares, a growth of 45.4% from the November 30th total of 241,700 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 347,600 shares, the short-interest ratio is currently 1.0 days.

Upland Software Stock Down 2.2 %

UPLD traded down $0.10 during trading on Monday, hitting $4.46. The company had a trading volume of 304,603 shares, compared to its average volume of 345,574. Upland Software has a 1-year low of $1.79 and a 1-year high of $5.64. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $122.39 million, a PE ratio of -0.99 and a beta of 1.32. The business has a 50-day moving average of $3.45 and a 200-day moving average of $2.75.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Upland Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Hedge Funds Weigh In On Upland Software

A number of hedge funds have recently bought and sold shares of the company. First Heartland Consultants Inc. bought a new position in Upland Software during the 3rd quarter worth approximately $30,000. Dynamic Technology Lab Private Ltd bought a new position in Upland Software during the third quarter worth $31,000. XTX Topco Ltd acquired a new position in Upland Software in the third quarter worth $43,000. Mackenzie Financial Corp increased its stake in Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after purchasing an additional 12,898 shares during the last quarter. Finally, Heron Bay Capital Management acquired a new stake in shares of Upland Software during the second quarter worth $185,000. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Upland Software Company Profile

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.