Upland Software, Inc. (NASDAQ:UPLD) Short Interest Update

Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 223,400 shares, a drop of 50.7% from the March 31st total of 452,800 shares. Approximately 1.1% of the company's stock are short sold. Based on an average daily volume of 173,400 shares, the short-interest ratio is currently 1.3 days.

Upland Software Stock Down 1.6 %

Upland Software stock traded down $0.04 during midday trading on Friday, reaching $2.39. The company's stock had a trading volume of 76,383 shares, compared to its average volume of 256,987. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $68.08 million, a P/E ratio of -0.53 and a beta of 1.27. The stock's 50-day simple moving average is $2.76 and its 200-day simple moving average is $3.43. Upland Software has a 52-week low of $1.79 and a 52-week high of $5.64.

Insider Activity

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $3.19, for a total transaction of $63,800.00. Following the completion of the sale, the director now owns 394,008 shares in the company, valued at $1,256,885.52. This represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.30% of the company's stock.

Hedge Funds Weigh In On Upland Software

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Legato Capital Management LLC acquired a new position in Upland Software during the 4th quarter valued at approximately $44,000. Kathmere Capital Management LLC acquired a new position in shares of Upland Software in the 1st quarter valued at $31,000. WESPAC Advisors LLC purchased a new position in Upland Software in the 4th quarter worth $55,000. Essential Planning LLC. acquired a new stake in Upland Software during the 4th quarter worth about $56,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Upland Software during the 4th quarter worth about $58,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UPLD shares. StockNews.com raised Upland Software from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Needham & Company LLC reiterated a "hold" rating on shares of Upland Software in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3.75.

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.