What's Going On With Upstart Stock Today?

Upstart Holdings, Inc. UPST shares are trading higher on Thursday. The company is set to report its third-quarter earnings on Nov. 7.

What To Know: Upstart stock popped over 11% in Thursday's session, less than a week before its quarterly earnings release. The company is expected to report earnings of losses of two cents per share and revenue of $140.26 million. Increased levels of short interest may also be behind the price move, as 38.87% of shares are currently sold short.

Also on Thursday, SaaS provider of mortgage loan origination software, Vesta, announced a partnership with the company which will support Upstart's new home equity line of credit (HELOC) product. The aim of the product is to reduce the time it typically takes to fund a HELOC through the company's AI-enabled pricing and decisioning in conjunction with Vesta's next-generation loan origination software.

Related Link: Qualcomm Shares Surge On FQ4 Print: 5 Analysts Find The Spark In Results

UPST Price Action: Shares of UPST were up 11.0% at $27.30 at the time of publication, according to Benzinga Pro.

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