Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 216,000 shares, agrowthof215,900.0% from the June 30th total of 100 shares. Currently,1.1% of the shares of the company are short sold. Based on an average trading volume of 106,600 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 106,600 shares, the days-to-cover ratio is presently 2.0 days. Currently,1.1% of the shares of the company are short sold.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Upland Software from a "strong-buy" rating to a "hold" rating in a report on Saturday. Craig Hallum raised shares of Upland Software from a "hold" rating to a "buy" rating and set a $3.50 price objective for the company in a report on Friday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Upland Software in a research report on Tuesday, May 13th.
Get Our Latest Research Report on UPLD
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of UPLD. NewEdge Advisors LLC lifted its position in shares of Upland Software by 697.1% during the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker's stock worth $34,000 after purchasing an additional 10,442 shares during the last quarter. Kathmere Capital Management LLC bought a new stake in shares of Upland Software during the first quarter worth $31,000. Mackenzie Financial Corp lifted its position in shares of Upland Software by 18.5% during the first quarter. Mackenzie Financial Corp now owns 71,523 shares of the software maker's stock worth $205,000 after purchasing an additional 11,173 shares during the last quarter. R Squared Ltd lifted its position in shares of Upland Software by 646.4% during the first quarter. R Squared Ltd now owns 13,510 shares of the software maker's stock worth $39,000 after purchasing an additional 11,700 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Upland Software during the fourth quarter worth $58,000. 77.78% of the stock is currently owned by institutional investors.
Upland Software Price Performance
Shares of NASDAQ UPLD traded down $0.01 during midday trading on Tuesday, reaching $2.03. 68,901 shares of the stock traded hands, compared to its average volume of 171,348. The stock has a market capitalization of $58.40 million, a PE ratio of -1.14 and a beta of 1.18. Upland Software has a one year low of $1.69 and a one year high of $5.64. The company's 50 day moving average is $1.95 and its 200 day moving average is $2.71.
About Upland Software
(
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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.
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