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

Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) was the recipient of a large 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. Based on an average daily volume of 378,800 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.6% of the company's shares are sold short.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated 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 issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Upland Software has a consensus rating of "Moderate Buy" and a consensus price target of $3.75.

Institutional Investors Weigh In On Upland Software

Several hedge funds and other institutional investors have recently modified their holdings of the business. First Heartland Consultants Inc. purchased a new position in Upland Software during the 3rd quarter valued at $30,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Upland Software during the third quarter valued at $31,000. XTX Topco Ltd bought a new position in shares of Upland Software in the third quarter worth about $43,000. Mackenzie Financial Corp increased its stake in 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 buying an additional 12,898 shares during the period. Finally, Heron Bay Capital Management bought a new stake in Upland Software during the 2nd quarter valued at about $185,000. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

Upland Software Trading Up 3.9 %

NASDAQ UPLD traded up $0.15 during trading on Wednesday, hitting $4.03. The stock had a trading volume of 214,943 shares, compared to its average volume of 289,683. Upland Software has a one year low of $1.79 and a one year high of $5.64. The stock has a 50 day simple moving average of $3.98 and a 200 day simple moving average of $2.90. 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 company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

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.