Upwork Inc (NASDAQ:UPWK) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,282,634 shares, a growth of 35.6% from the October 31st total of 1,683,143 shares. Based on an average daily trading volume, of 514,747 shares, the days-to-cover ratio is currently 4.4 days. Currently, 5.0% of the company’s shares are sold short.
Shares of UPWK opened at $18.63 on Monday. Upwork has a twelve month low of $15.68 and a twelve month high of $23.49.
Upwork (NASDAQ:UPWK) last issued its earnings results on Wednesday, November 7th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $64.10 million during the quarter, compared to analysts’ expectations of $62.24 million. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. Equities research analysts predict that Upwork will post -0.31 EPS for the current year.
In related news, SVP Hayden Brown sold 54,246 shares of the stock in a transaction on Friday, October 5th. The stock was sold at an average price of $13.95, for a total value of $756,731.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Upwork Company Profile
Upwork Inc operates an online platform that connects businesses and freelancers. Its platform comprise freelancers in content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and web development categories. The company was formerly known as Elance-oDesk, Inc and changed its name to Upwork Inc in May 2015.
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