Short Interest in Upland Software, Inc. (NASDAQ:UPLD) Rises By 61.6%

Upland Software, Inc. (NASDAQ:UPLD) was the target of a large increase in short interest during 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. Approximately 2.6% of the company’s stock are sold short. Based on an average daily volume of 378,800 shares, the short-interest ratio is currently 1.5 days.

Institutional Trading of Upland Software

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

Upland Software Stock Performance

Shares of UPLD stock traded up $0.15 during mid-day trading on Wednesday, hitting $4.03. 139,255 shares of the stock were exchanged, compared to its average volume of 279,861. Upland Software has a 12-month low of $1.79 and a 12-month high of $5.64. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $110.59 million, a price-to-earnings ratio of -0.89 and a beta of 1.28. The stock’s fifty day simple moving average is $3.98 and its two-hundred day simple moving average is $2.90.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3.75.

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.