Short Interest in Urgent.ly Inc. (NASDAQ:ULY) Rises By 145.3%

Urgent.ly Inc. (NASDAQ:ULY) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 850,800 shares, an increase of 145.3% from the December 15th total of 346,800 shares. Currently, 9.1% of the company’s stock are short sold. Based on an average daily volume of 500,200 shares, the short-interest ratio is presently 1.7 days.

Urgent.ly Trading Down 3.6 %

Shares of NASDAQ ULY traded down $0.02 during mid-day trading on Thursday, hitting $0.46. The company had a trading volume of 12,728 shares, compared to its average volume of 276,198. The firm has a 50-day simple moving average of $0.53 and a two-hundred day simple moving average of $0.84. The company has a market capitalization of $6.22 million, a PE ratio of 0.05 and a beta of 2.22. Urgent.ly has a one year low of $0.41 and a one year high of $3.45.

Urgent.ly (NASDAQ:ULY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.11). The firm had revenue of $36.25 million for the quarter.

Analysts Set New Price Targets

Separately, Needham & Company LLC reduced their price target on Urgent.ly from $2.00 to $1.50 and set a “buy” rating for the company in a research report on Wednesday, November 13th.

About Urgent.ly

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.