Upland Software, Inc. (NASDAQ:UPLD) Short Interest Up 37.2% in November

Upland Software, Inc. (NASDAQ:UPLD) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 241,700 shares, an increase of 37.2% from the November 15th total of 176,200 shares. Based on an average daily volume of 265,500 shares, the short-interest ratio is presently 0.9 days. Currently, 1.1% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on UPLD shares. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Friday, November 8th. StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3.75.

Institutional Trading of Upland Software

A number of hedge funds have recently added to or reduced their stakes in UPLD. Rice Hall James & Associates LLC raised its holdings in shares of Upland Software by 115.4% in the 3rd quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock valued at $1,467,000 after purchasing an additional 315,651 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Upland Software by 180.6% during the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock valued at $718,000 after buying an additional 185,617 shares during the period. Heron Bay Capital Management purchased a new stake in Upland Software during the second quarter worth $185,000. Jacobs Levy Equity Management Inc. lifted its holdings in Upland Software by 21.8% during 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 during the period. Finally, FMR LLC boosted its position in Upland Software by 30.0% during the 3rd 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. 77.78% of the stock is owned by hedge funds and other institutional investors.

Upland Software Stock Down 13.1 %

Shares of UPLD stock opened at $4.12 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.64. The stock has a fifty day simple moving average of $3.03 and a two-hundred day simple moving average of $2.62.

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.