Short Interest in Upland Software, Inc. (NASDAQ:UPLD) Increases By 45.4%

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 trading volume of 347,600 shares, the short-interest ratio is presently 1.0 days. Approximately 1.6% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UPLD shares. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. StockNews.com upgraded Upland Software from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. One investment 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UPLD. XTX Topco Ltd bought a new position in Upland Software in the 3rd quarter valued at about $43,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Upland Software by 21.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock worth $636,000 after acquiring an additional 45,705 shares during the period. FMR LLC boosted its holdings in shares of Upland Software by 30.0% in the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock valued at $196,000 after acquiring an additional 18,134 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Upland Software in the third quarter valued at approximately $31,000. Finally, First Heartland Consultants Inc. acquired a new position in shares of Upland Software during the third quarter valued at approximately $30,000. 77.78% of the stock is owned by institutional investors and hedge funds.

Upland Software Stock Performance

UPLD stock traded down $0.10 on Monday, reaching $4.46. The company’s stock had a trading volume of 304,603 shares, compared to its average volume of 345,574. The firm has a fifty day moving average of $3.45 and a two-hundred day moving average of $2.75. 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 capitalization of $122.39 million, a P/E ratio of -0.99 and a beta of 1.32. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.64.

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.