Upland Software, Inc. (NASDAQ:UPLD) Short Interest Down 19.5% in November

Upland Software, Inc. (NASDAQ:UPLD) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 176,200 shares, a decrease of 19.5% from the October 31st total of 218,900 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 182,900 shares, the days-to-cover ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UPLD. StockNews.com raised Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Roth Capital raised Upland Software from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Upland Software presently has an average rating of “Moderate Buy” and a consensus price target of $3.75.

Institutional Trading of Upland Software

A number of large investors have recently modified their holdings of the company. Rice Hall James & Associates LLC grew its position in 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 worth $1,467,000 after purchasing an additional 315,651 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Upland Software by 180.6% in the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock worth $718,000 after buying an additional 185,617 shares in the last quarter. Heron Bay Capital Management acquired a new stake in Upland Software in the 2nd quarter valued at approximately $185,000. Jacobs Levy Equity Management Inc. raised its stake in Upland Software by 21.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock valued at $636,000 after acquiring an additional 45,705 shares in the last quarter. 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 worth $196,000 after acquiring an additional 18,134 shares during the period. Institutional investors and hedge funds own 77.78% of the company’s stock.

Upland Software Stock Down 0.5 %

Shares of Upland Software stock opened at $3.67 on Monday. The stock has a market capitalization of $100.70 million, a price-to-earnings ratio of -0.81 and a beta of 1.14. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. The business’s 50 day simple moving average is $2.64 and its 200-day simple moving average is $2.49.

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.