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

Upland Software, Inc. (NASDAQ:UPLD) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 567,900 shares, a growth of 61.6% from the December 15th total of 351,500 shares. Based on an average daily volume of 378,800 shares, the short-interest ratio is currently 1.5 days. Approximately 2.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.75.

Upland Software Stock Down 1.0 %

UPLD opened at $3.99 on Friday. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.64. The stock’s fifty day moving average is $4.01 and its two-hundred day moving average is $2.91. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Heartland Consultants Inc. purchased a new stake in shares of Upland Software during the third quarter worth about $30,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Upland Software during the third quarter valued at $31,000. Mackenzie Financial Corp increased its position 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 valued at $75,000 after acquiring an additional 12,898 shares during the period. XTX Topco Ltd purchased a new position in Upland Software in the 3rd quarter worth $43,000. Finally, FMR LLC raised its stake in Upland Software by 30.0% in the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after acquiring an additional 18,134 shares during the last quarter. Hedge funds and other institutional investors own 77.78% of the company’s stock.

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.