Upland Software, Inc. (NASDAQ:UPLD) Short Interest Down 34.6% in March

Upland Software, Inc. (NASDAQ:UPLD) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 476,700 shares, a decrease of 34.6% from the February 28th total of 728,400 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average daily volume of 244,100 shares, the days-to-cover ratio is currently 2.0 days.

Upland Software Stock Down 3.2 %

Upland Software stock opened at $3.02 on Friday. The firm has a 50 day simple moving average of $3.72 and a 200 day simple moving average of $3.43. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software has a 1-year low of $1.79 and a 1-year high of $5.64. The firm has a market capitalization of $85.07 million, a price-to-earnings ratio of -0.67 and a beta of 1.40.

Insider Transactions at Upland Software

In other news, Director Timothy Mattox sold 20,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $3.19, for a total value of $63,800.00. Following the transaction, the director now directly owns 394,008 shares of the company’s stock, valued at $1,256,885.52. The trade was a 4.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Upland Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jefferies Financial Group Inc. bought a new stake in Upland Software during the fourth quarter valued at approximately $87,000. Mackenzie Financial Corp grew its holdings in Upland Software by 355.8% in the 4th quarter. Mackenzie Financial Corp now owns 60,350 shares of the software maker’s stock worth $262,000 after acquiring an additional 47,109 shares during the last quarter. Two Sigma Investments LP grew 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 worth $1,396,000 after purchasing an additional 169,240 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of 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 during the period. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Upland Software in the 4th quarter valued at approximately $58,000. 77.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UPLD has been the topic of a number of research analyst reports. StockNews.com cut shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Upland Software has a consensus rating of “Moderate Buy” and an average target price 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.