Upland Software, Inc. (NASDAQ:UPLD) Sees Significant Drop in Short Interest

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

Institutional Investors Weigh In On Upland Software

Several hedge funds have recently modified their holdings of UPLD. State Board of Administration of Florida Retirement System acquired a new stake in Upland Software during the 1st quarter worth about $34,000. First Heartland Consultants Inc. acquired a new stake in shares of Upland Software during the third quarter valued at approximately $30,000. Dynamic Technology Lab Private Ltd acquired a new position in Upland Software in the 3rd quarter worth approximately $31,000. XTX Topco Ltd purchased a new position in Upland Software during the 3rd quarter worth approximately $43,000. Finally, Mackenzie Financial Corp raised its stake in Upland Software by 74.6% during the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after purchasing an additional 12,898 shares during the period. 77.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Upland Software Price Performance

Shares of NASDAQ:UPLD opened at $3.67 on Monday. The company has a market capitalization of $100.70 million, a PE ratio of -0.81 and a beta of 1.14. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a fifty day moving average of $2.64 and a 200-day moving average of $2.49. Upland Software has a one year low of $1.79 and a one year high of $5.05.

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.