Upland Software Inc (UPLD) Sees Large Growth in Short Interest
Upland Software Inc (NASDAQ:UPLD) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 28,712 shares, an increase of 97.6% from the March 15th total of 14,532 shares. Based on an average daily trading volume, of 51,945 shares, the days-to-cover ratio is presently 0.6 days.
A number of hedge funds and other institutional investors have recently made changes to their positions in UPLD. RBF Capital LLC boosted its position in shares of Upland Software by 0.8% in the third quarter. RBF Capital LLC now owns 11,717 shares of the software maker’s stock worth $103,000 after buying an additional 91 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Upland Software by 6.4% in the fourth quarter. Renaissance Technologies LLC now owns 113,000 shares of the software maker’s stock worth $1,011,000 after buying an additional 6,800 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Upland Software by 547.2% in the first quarter. Bank of Montreal Can now owns 175,801 shares of the software maker’s stock worth $2,793,000 after buying an additional 148,638 shares during the last quarter. Institutional investors and hedge funds own 5.58% of the company’s stock.
Several brokerages have issued reports on UPLD. Craig Hallum began coverage on Upland Software in a research note on Wednesday. They issued a “buy” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Upland Software in a research report on Monday, April 3rd. Canaccord Genuity upped their target price on Upland Software from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, January 12th. Finally, Zacks Investment Research lowered Upland Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Upland Software currently has a consensus rating of “Buy” and a consensus target price of $13.25.
Shares of Upland Software (NASDAQ:UPLD) traded up 5.23% during trading on Thursday, hitting $16.91. The stock had a trading volume of 138,628 shares. Upland Software has a 52 week low of $6.79 and a 52 week high of $17.27. The stock’s market capitalization is $301.29 million. The firm has a 50 day moving average price of $14.44 and a 200-day moving average price of $10.91.
COPYRIGHT VIOLATION WARNING: This piece was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at http://www.watchlistnews.com/upland-software-inc-upld-sees-large-growth-in-short-interest/1205964.html.
Upland Software Company Profile
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
Receive News & Ratings for Upland Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.