Upland Software, Inc. (NASDAQ:UPLD) Short Interest Down 19.5% in November

Upland Software, Inc. (NASDAQ:UPLD) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 176,200 shares, a decrease of 19.5% from the October 31st total of 218,900 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 182,900 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UPLD shares. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. Roth Capital upgraded shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Finally, StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Upland Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Price Performance

UPLD opened at $3.67 on Friday. The stock’s 50 day moving average price is $2.64 and its 200 day moving average price is $2.50. Upland Software has a 12 month low of $1.79 and a 12 month high of $5.05. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

Hedge Funds Weigh In On Upland Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPLD. Rice Hall James & Associates LLC boosted its holdings in shares of Upland Software by 115.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock worth $1,467,000 after buying an additional 315,651 shares during the period. Renaissance Technologies LLC boosted its holdings in Upland Software by 180.6% during the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock valued at $718,000 after acquiring an additional 185,617 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Upland Software by 21.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock valued at $636,000 after purchasing an additional 45,705 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Upland Software by 4.2% in the second quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock valued at $374,000 after purchasing an additional 6,018 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Upland Software by 30.0% during the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after purchasing an additional 18,134 shares during the last quarter. Institutional investors and hedge funds own 77.78% of the company’s stock.

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.