Upland Software, Inc. (NASDAQ:UPLD) Short Interest Surges by 45.4% in December

Upland Software, Inc. (NASDAQ:UPLD) experienced a notable rise in short interest during December. As of December 15th, short interest reached 351,500 shares, reflecting a significant increase of 45.4% when compared to the 241,700 shares recorded on November 30th. Currently, about 1.6% of the company’s shares are sold short. Given an average trading volume of 347,600 shares, the short-interest ratio stands at 1.0 days.

Hedge Funds and Their Involvement with Upland Software

Several large investors have recently adjusted their stakes in Upland Software. For instance, Rice Hall James & Associates LLC increased its holdings by 3.7% in the second quarter, bringing its total to 273,575 shares valued at $681,000 after purchasing an additional 9,755 shares. Similarly, First Heartland Consultants Inc. gained a new stake in the third quarter worth approximately $30,000. Dynamic Technology Lab Private Ltd also entered a fresh position in Upland Software during the same quarter, valued at about $31,000. Furthermore, Mackenzie Financial Corp raised its stake significantly by 74.6% in the second quarter and now owns 30,191 shares worth $75,000 after acquiring an extra 12,898 shares. Lastly, XTX Topco Ltd invested in Upland Software in the third quarter for about $43,000. Collectively, institutional investors own 77.78% of the company's stock.

Changes in Analyst Ratings

Recent evaluations by research analysts provide insights into Upland Software’s performance. Needham & Company LLC maintained a "hold" rating on the company's shares on November 8th. Meanwhile, StockNews.com upgraded Upland Software from a "hold" to a "buy" rating on September 12th. Overall, the ratings are mixed, with one analyst suggesting a sell, one issuing a hold, three issuing buy ratings, and one giving a strong buy rating. According to MarketBeat.com, the stock has an average rating categorized as "Moderate Buy" with a consensus target price set at $3.75.

Recent Stock Performance

Upland Software shares increased by 1.8% during midday trading, reaching $4.56. The trading volume was around 339,940 shares, slightly below the average volume of 345,785. The company's market capitalization is approximately $125.13 million, and it has a price-to-earnings (PE) ratio of -1.01 and a beta of 1.32. Its debt-to-equity ratio is high at 324.05 with both quick and current ratios at 0.99. The 50-day simple moving average for shares is $3.45, while the 200-day average is $2.74. Upland Software's stock has fluctuated within a 52-week low of $1.79 and a high of $5.64.

About Upland Software

Upland Software, Inc., along with its subsidiaries, provides cloud-based software applications under the Upland brand. Its services are available in various regions including the United States, the United Kingdom, Canada, and other countries. The company's applications support organizations in planning, managing, and executing projects and cover multiple areas such as marketing, sales, contact centers, knowledge management, project management, information technology, business operations, human resources, and legal services.

Upland, Investors, Analysts