Upland Software, Inc. Experiences 45.4% Rise in Short Interest in December

Upland Software, Inc. (NASDAQ:UPLD) experienced a notable increase in short interest throughout December. By December 15th, the total short interest climbed to 351,500 shares, reflecting a 45.4% rise compared to the 241,700 shares reported on November 30th. Roughly 1.6% of the company’s shares are currently sold short. With an average daily trading volume of 347,600 shares, the short-interest ratio stands at 1.0 days.

Investor Insights on Upland Software

Several institutional investors have made changes to their positions in Upland Software. For instance, Rice Hall James & Associates LLC increased its stake by 3.7% during the second quarter, now holding 273,575 shares valued at approximately $681,000 after acquiring an additional 9,755 shares. First Heartland Consultants Inc. purchased a new stake worth about $30,000 in the third quarter, while Dynamic Technology Lab Private Ltd also entered a new position valued at roughly $31,000 during the same period. Mackenzie Financial Corp raised its holdings by 74.6% in the second quarter and now owns 30,191 shares valued at around $75,000 after an additional purchase of 12,898 shares. Additionally, XTX Topco Ltd acquired a new stake worth about $43,000. As of now, institutional investors own 77.78% of Upland Software’s stock.

Analysts' Ratings Updates

A number of research analysts have weighed in on Upland Software. Needham & Company LLC maintained a “hold” rating in a report released on November 8th. Meanwhile, StockNews.com upgraded Upland Software from a “hold” to a “buy” rating in a note dated September 12th. Currently, one analyst has rated the stock as a sell, one as hold, three as buy, and one as a strong buy. According to MarketBeat.com, Upland Software has an average rating of “Moderate Buy” with a consensus target price set at $3.75.

Recent Stock Performance

During midday trading on Friday, Upland Software’s shares rose by 1.8%, reaching $4.56. The trading volume was recorded at 339,940 shares, compared to the average volume of 345,785 shares. The company currently holds a market capitalization of $125.13 million, with a PE ratio of -1.01 and a beta of 1.32. Upland Software has a debt-to-equity ratio of 324.05, as well as a quick ratio and current ratio both at 0.99. Over the last fifty days, the simple moving average was $3.45, while the 200-day simple moving average stood at $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. operates alongside its subsidiaries, providing cloud-based software applications under the Upland brand name in various countries, including the United States, United Kingdom, Canada, and others. Their software solutions assist organizations in planning, managing, and executing various projects, particularly in marketing, sales, contact center operations, knowledge management, project management, IT, business operations, HR, and legal sectors.

Upland, Stocks, Investors