Upland Software, Inc. (NASDAQ:UPLD) Short Interest Up 37.2% in November

Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 241,700 shares, an increase of 37.2% from the November 15th total of 176,200 shares. Based on an average daily volume of 265,500 shares, the short-interest ratio is currently 0.9 days. Approximately 1.1% of the company's stock are short sold.

Institutional Trading of Upland Software

Several institutional investors have recently bought and sold shares of UPLD. First Heartland Consultants Inc. purchased a new position in Upland Software in the 3rd quarter valued at $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in Upland Software during the third quarter worth $31,000. XTX Topco Ltd purchased a new stake in Upland Software in the 3rd quarter valued at about $43,000. Mackenzie Financial Corp lifted its holdings in shares of Upland Software by 74.6% in the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker's stock worth $75,000 after acquiring an additional 12,898 shares during the last quarter. Finally, Heron Bay Capital Management purchased a new position in shares of Upland Software during the second quarter worth $185,000. 77.78% of the stock is owned by institutional investors and hedge funds.

Upland Software Trading Down 13.1 %

Shares of Upland Software stock traded down $0.62 during trading hours on Friday, reaching $4.12. The stock had a trading volume of 918,089 shares, compared to its average volume of 634,820. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.64. The stock's 50 day moving average is $3.03 and its 200 day moving average is $2.62.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UPLD. 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 reissued a "hold" rating on shares of Upland Software in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $3.75.

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.