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

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

Upland Software Price Performance

Upland Software stock traded down $0.62 during midday trading on Friday, reaching $4.12. The company’s stock had a trading volume of 918,089 shares, compared to its average volume of 337,990. 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 stock has a market cap of $113.05 million, a PE ratio of -0.91 and a beta of 1.32. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.64. The business has a 50-day moving average price of $3.03 and a 200-day moving average price of $2.62.

Analysts Set New Price Targets

Several research firms have commented on UPLD. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a report on Friday, November 8th. StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $3.75.

Institutional Investors Weigh In On Upland Software

A number of hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its position in Upland Software by 4.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock worth $374,000 after purchasing an additional 6,018 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in shares of Upland Software by 3.7% during the second quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock worth $681,000 after buying an additional 9,755 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Upland Software by 180.6% during the second 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 bought a new position in shares of Upland Software in the 2nd quarter valued at $185,000. Finally, Mackenzie Financial Corp lifted its stake in shares of Upland Software by 74.6% in the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after acquiring an additional 12,898 shares during the last quarter. 77.78% of the stock is currently owned by institutional investors and hedge funds.

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.