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

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

Upland Software Stock Performance

Upland Software stock traded up $0.08 during midday trading on Friday, reaching $4.56. The stock had a trading volume of 339,940 shares, compared to its average volume of 345,785. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. The firm has a market capitalization of $125.13 million, a PE ratio of -1.01 and a beta of 1.32. Upland Software has a 12 month low of $1.79 and a 12 month high of $5.64. The firm’s 50-day moving average price is $3.45 and its 200 day moving average price is $2.75.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UPLD. Needham & Company LLC reissued 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 assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UPLD. XTX Topco Ltd bought a new stake in shares of Upland Software during the 3rd quarter valued at $43,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Upland Software by 21.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock worth $636,000 after buying an additional 45,705 shares in the last quarter. FMR LLC grew its stake in Upland Software by 30.0% during 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 stake in Upland Software during the 3rd quarter worth approximately $31,000. Finally, First Heartland Consultants Inc. purchased a new stake in Upland Software in the 3rd quarter worth approximately $30,000. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

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.