Short Interest in Upland Software, Inc. (NASDAQ:UPLD) Declines By 34.6%

Upland Software, Inc. (NASDAQ:UPLD) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 476,700 shares, a decrease of 34.6% from the February 28th total of 728,400 shares. Based on an average daily trading volume, of 244,100 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.3% of the company’s shares are short sold.

Upland Software Trading Down 3.2 %

UPLD opened at $3.02 on Monday. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.64. The company has a fifty day moving average of $3.72 and a 200-day moving average of $3.45. The stock has a market cap of $85.07 million, a PE ratio of -0.67 and a beta of 1.40. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05.

Insider Activity

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $3.19, for a total value of $63,800.00. Following the completion of the transaction, the director now directly owns 394,008 shares in the company, valued at approximately $1,256,885.52. This represents a 4.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.30% of the stock is currently owned by insiders.

Institutional Trading of Upland Software

A number of large investors have recently bought and sold shares of UPLD. Jefferies Financial Group Inc. bought a new stake in Upland Software in the fourth quarter worth approximately $87,000. Mackenzie Financial Corp boosted its holdings in shares of Upland Software by 355.8% during the 4th quarter. Mackenzie Financial Corp now owns 60,350 shares of the software maker’s stock worth $262,000 after buying an additional 47,109 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Upland Software by 111.1% during the 4th quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker’s stock worth $1,396,000 after buying an additional 169,240 shares during the period. Two Sigma Advisers LP increased its stake in shares of Upland Software by 106.8% in the 4th quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker’s stock valued at $1,764,000 after acquiring an additional 209,900 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new position in Upland Software during the fourth quarter worth $58,000. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com lowered Upland Software from a “buy” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $3.75.

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.