What's Going On With Upstart Stock Today?
Portfolio Pulse from Ryan Gustafson
Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher, with an increase of over 11% ahead of its Q3 earnings release. The company is expected to report losses of two cents per share and revenue of $140.26 million. A high level of short interest, with 38.87% of shares currently sold short, may be contributing to the price move. Upstart also announced a partnership with Vesta, a SaaS provider of mortgage loan origination software, to support its new home equity line of credit (HELOC) product.
November 02, 2023 | 7:55 pm
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Upstart's stock price increased by over 11% ahead of its Q3 earnings release. The high level of short interest and the new partnership with Vesta may be contributing to the price move.
The surge in Upstart's stock price can be attributed to the anticipation of its Q3 earnings release, the high level of short interest, and the announcement of its new partnership with Vesta. These factors are likely to have a positive impact on the stock price in the short term.
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