Upland Software, Inc. Sees 45.4% Increase in Short Interest

Upland Software, Inc. (NASDAQ: UPLD) experienced a notable rise in its short interest during December. As of December 15th, the total short interest reached 351,500 shares, which marked a 45.4% increase compared to the total of 241,700 shares on November 30th. Currently, around 1.6% of the company’s shares have been short-sold. Given the average trading volume of 347,600 shares, the short-interest ratio now stands at 1.0 days.

Hedge Funds and Upland Software

Large institutional investors have been actively adjusting their holdings in Upland Software. For instance, Rice Hall James & Associates LLC increased its stake by 3.7% during the second quarter and now owns 273,575 shares valued at approximately $681,000 after adding 9,755 shares recently. Additionally, First Heartland Consultants Inc. entered a new investment in Upland Software in the third quarter, estimated at about $30,000. Dynamic Technology Lab Private Ltd also took a new position worth approximately $31,000 during the same period. Furthermore, Mackenzie Financial Corp increased its stake in the software company by 74.6% in the second quarter, bringing its total to 30,191 shares valued at $75,000 after purchasing an additional 12,898 shares. Additionally, XTX Topco Ltd acquired a new position in Upland Software worth around $43,000. Presently, institutions own about 77.78% of the company's stock.

Analyst Ratings Overview

Analysts have shared differing perspectives on Upland Software. Needham & Company LLC reaffirmed a "hold" rating for the stock in a report published on November 8th. In another note, StockNews.com upgraded Upland Software from a "hold" to a "buy" rating on September 12th. Overall, one research analyst rates the stock as a sell, one as a hold, three suggest a buy, and one gives it a strong buy rating. According to MarketBeat.com, Upland Software holds an average rating of "Moderate Buy" with a consensus target price set at $3.75.

Upland Software's Stock Performance

On Friday, Upland Software shares traded up by 1.8%, reaching $4.56. The trading volume for that day stood at 339,940 shares, closely aligning with its average volume of 345,785. The company currently holds a market capitalization of $125.13 million, with a PE ratio of -1.01 and a beta of 1.32. Its debt-to-equity ratio is remarkably high at 324.05, with both its quick ratio and current ratio at 0.99. The 50-day simple moving average for the stock is $3.45, while the 200-day moving average is $2.74. The stock has experienced a 52-week low of $1.79 and a high of $5.64.

About Upland Software

Upland Software, Inc. is a company that, along with its subsidiaries, provides a suite of cloud-based software applications. These applications, marketed under the Upland name, are available in several regions including the United States, the United Kingdom, and Canada. The company’s software solutions support organizations in various sectors such as marketing, sales, project management, IT, human resources, and legal services.

Upland, Software, Investment