Upland Software, Inc. (NASDAQ:UPLD) Short Interest Up 45.4% in December

Upland Software, Inc. (NASDAQ:UPLD) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 351,500 shares, an increase of 45.4% from the November 30th total of 241,700 shares. Based on an average daily volume of 347,600 shares, the short-interest ratio is presently 1.0 days. Currently, 1.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Upland Software

A number of large investors have recently modified their holdings of the company. Rice Hall James & Associates LLC raised its holdings in Upland Software by 3.7% during the second quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock worth $681,000 after buying an additional 9,755 shares during the last quarter. First Heartland Consultants Inc. acquired a new stake in shares of Upland Software in the 3rd quarter worth about $30,000. Dynamic Technology Lab Private Ltd bought a new position in Upland Software in the 3rd quarter valued at about $31,000. Mackenzie Financial Corp boosted its stake in Upland Software by 74.6% during the 2nd 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, XTX Topco Ltd bought a new stake in Upland Software during the 3rd quarter worth approximately $43,000. 77.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Upland Software Trading Up 1.8 %

Shares of UPLD stock traded up $0.08 during mid-day trading on Friday, hitting $4.56. The company’s stock had a trading volume of 339,940 shares, compared to its average volume of 345,785. The company has a market cap of $125.13 million, a PE ratio of -1.01 and a beta of 1.32. 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 company’s fifty day simple moving average is $3.45 and its 200-day simple moving average is $2.74. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.64.

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.