Urgent.ly Inc. (NASDAQ:ULY) Short Interest Update

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

Analyst Upgrades and Downgrades

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

Urgent.ly Price Performance

Shares of NASDAQ:ULY opened at $0.48 on Tuesday. Urgent.ly has a one year low of $0.41 and a one year high of $3.45. The company has a market cap of $6.48 million, a price-to-earnings ratio of 0.05 and a beta of 2.22. The firm has a 50 day simple moving average of $0.53 and a 200 day simple moving average of $0.85.

Urgent.ly (NASDAQ:ULY) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.68) by ($0.11). The company had revenue of $36.25 million during the quarter.

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.