Progress Software

PRGS

Progress Software Corporation (Progress) is an American publicly held company headquartered in Bedford, Massachusetts. Progress offers technology to develop and deploy business applications including adaptive user experience, mobility and serverless cloud, cognitive services, data connectivity and integration and web experience management. Progress posted revenues of $397.6 million (USD) in fiscal year 2017. The company employs approximately 1500 employees, and maintains offices in 16 countries.

Progress Software has been a target of short sellers for a while. The current short interest of 11.14% is roughly at the average of the last 12 months (10.75%).