Upland Software, Inc. Short Interest Rises 45.4% in December

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

Insights from Hedge Funds on Upland Software

• Upland Software is considered a low-bar opportunity.

Several large investors have recently adjusted their positions in Upland Software. For instance, Rice Hall James & Associates LLC raised its stake by 3.7% in the second quarter, now owning 273,575 shares valued at $681,000 after acquiring an additional 9,755 shares last quarter. First Heartland Consultants Inc. and Dynamic Technology Lab Private Ltd have also taken new stakes in the company, valued at approximately $30,000 and $31,000 respectively. Meanwhile, Mackenzie Financial Corp significantly increased its holdings by 74.6% in the second quarter, now holding 30,191 shares worth $75,000. XTX Topco Ltd also entered with a new stake in the third quarter of around $43,000. Notably, institutional investors collectively hold 77.78% of Upland Software's stock.

Changes in Analyst Ratings

Research analysts have shared various insights regarding Upland Software. Needham & Company LLC maintained a "hold" rating on the stock as of November 8. Additionally, StockNews.com upgraded Upland Software from a "hold" to a "buy" rating on September 12. In terms of ratings, one analyst has issued a sell rating, one a hold, three have rated it as a buy, and one has given it a strong buy rating. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $3.75.

• Upland Software Stock Appears Undervalued

Stay Updated with the Latest Stock Analysis on UPLD

Upland Software's Stock Performance

During midday trading on Friday, UPLD stock increased by 1.8%, reaching $4.56. The trading volume was 339,940 shares, just below its average of 345,785 shares. Currently, Upland Software has a market capitalization of $125.13 million, a price-to-earnings ratio of -1.01, and a beta of 1.32. Its debt-to-equity ratio is notably high at 324.05, with both the quick and current ratios at 0.99. Over the past 50 days, the simple moving average was $3.45, and over 200 days, it was $2.74. The stock has fluctuated between a low of $1.79 and a high of $5.64 over the past year.

Overview of Upland Software

Upland Software, Inc., along with its subsidiaries, offers cloud-based software applications under the Upland brand across various regions including the United States, the United Kingdom, and Canada. The company provides software solutions that assist organizations in planning and managing projects across several sectors, such as marketing, sales, contact centers, IT, HR, and legal services.

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This news summary was generated using advanced technology to ensure timely and precise reporting.

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