About Upstart Holdings, Inc. - Common stock (UPST)
Upstart Holdings Inc is a financial technology company that leverages artificial intelligence and advanced algorithms to improve the loan origination process. By utilizing a data-driven approach, the company enables lenders to make more informed credit decisions, ultimately facilitating faster and more accurate personal loans for consumers. Upstart's platform analyzes a wide variety of data points beyond traditional credit scores to assess risk, which helps expand access to credit for individuals who may be underserved by conventional lending practices. Additionally, Upstart partners with banks and credit unions, providing them with tools to enhance their lending operations while promoting financial inclusion. Read More
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The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Olo (NYSE:OLO) and the rest of the vertical software stocks fared in Q2.
Shares of AI lending platform Upstart (NASDAQ:UPST) fell 3.1% in the afternoon session after a report from Jefferies highlighted a significant increase in short interest for the AI lending platform. The analysis showed that bets against the company rose to 27.7%, the largest increase in its sector.
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Shares of AI lending platform Upstart (NASDAQ:UPST) fell 11.3% in the afternoon session after the successful stock market debut of "buy now, pay later" company Klarna (KLAR) created pressure on fintech peers.
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