Urgent.ly Inc. (NASDAQ:ULY) Sees Significant Increase in Short Interest

Urgent.ly Inc. (NASDAQ:ULY) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 451,300 shares, an increase of 115.5% from the October 15th total of 209,400 shares. Based on an average daily trading volume, of 527,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 4.7% of the company’s shares are sold short.

Urgent.ly Stock Performance

Urgent.ly stock traded down $0.01 during mid-day trading on Friday, reaching $0.60. 51,551 shares of the company were exchanged, compared to its average volume of 190,365. Urgent.ly has a 12-month low of $0.52 and a 12-month high of $4.77. The business has a fifty day moving average of $0.70 and a 200 day moving average of $1.26. The firm has a market cap of $8.04 million and a P/E ratio of 0.06.

Urgent.ly (NASDAQ:ULY) last announced its earnings results on Monday, August 12th. The company reported ($0.87) EPS for the quarter. The business had revenue of $34.54 million for the quarter.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC dropped their price objective on Urgent.ly from $2.00 to $1.50 and set a “buy” rating on the stock in a research note on Wednesday.

Urgent.ly Company Profile

Urgent.ly Inc offers mobility assistance software platform for roadside assistance in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its services include car lockout, tire changes, towing, stuck in ditch and winch services, motorcycle towing, electric vehicle towing, jump start, and gas delivery.