Upland Software, Inc. (NASDAQ:UPLD) Short Interest Up 215,900.0% in July

Key Points

• Upland Software, Inc. experienced a dramatic increase in short interest in July, rising 215,900.0% from June, bringing the total to 216,000 shares, which is approximately 1.1% of the company's shares sold short.
• The stock price of Upland Software increased by 12.2% during midday trading, reaching $2.30, while the firm has a market cap of $65.50 million and a PE ratio of -1.32.
• Equity research analysts have shown optimism, with Craig Hallum upgrading Upland Software to a "buy" rating and setting a new price target of $3.50.

Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 216,000 shares, agrowthof215,900.0% from the June 30th total of 100 shares. Approximately1.1% of the company's shares are sold short. Based on an average trading volume of 106,600 shares, the short-interest ratio is currently 2.0 days. Based on an average trading volume of 106,600 shares, the short-interest ratio is currently 2.0 days. Approximately1.1% of the company's shares are sold short.

Institutional Trading of Upland Software

A number of institutional investors have recently bought and sold shares of UPLD. D. E. Shaw & Co. Inc. lifted its stake in Upland Software by 13.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,301,061 shares of the software maker's stock worth $5,647,000 after purchasing an additional 154,667 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Upland Software by 106.8% during the fourth quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker's stock valued at $1,764,000 after buying an additional 209,900 shares in the last quarter. Man Group plc grew its position in Upland Software by 33.5% during the fourth quarter. Man Group plc now owns 398,800 shares of the software maker's stock worth $1,731,000 after buying an additional 100,157 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Upland Software by 22.8% during the fourth quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker's stock valued at $1,557,000 after purchasing an additional 66,684 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Upland Software by 111.1% in the fourth quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker's stock valued at $1,396,000 after acquiring an additional 169,240 shares during the last quarter. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

Upland Software Stock Up 12.2%

Shares of UPLD traded up $0.25 during midday trading on Friday, reaching $2.30. The company had a trading volume of 369,268 shares, compared to its average volume of 171,292. The firm has a 50 day simple moving average of $1.95 and a 200-day simple moving average of $2.76. The stock has a market cap of $65.50 million, a PE ratio of -1.32 and a beta of 1.16. Upland Software has a 1-year low of $1.69 and a 1-year high of $5.64.

Analysts Set New Price Targets

A number of equities research analysts have commented on UPLD shares. Craig Hallum upgraded shares of Upland Software from a "hold" rating to a "buy" rating and set a $3.50 price target for the company in a report on Friday. Wall Street Zen raised shares of Upland Software from a "buy" rating to a "strong-buy" rating in a report on Sunday, July 20th. Finally, Needham & Company LLC restated a "hold" rating on shares of Upland Software in a research note on Tuesday, May 13th.

About Upland Software

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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