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

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

Wall Street Analysts Forecast Growth

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

Urgent.ly Stock Performance

NASDAQ ULY traded up $0.01 during trading hours on Friday, reaching $0.50. The company’s stock had a trading volume of 12,367 shares, compared to its average volume of 180,623. The stock has a market cap of $6.68 million, a PE ratio of 0.05 and a beta of 2.22. The company’s 50-day moving average is $0.51 and its two-hundred day moving average is $0.76. Urgent.ly has a fifty-two week low of $0.41 and a fifty-two week high of $3.45.

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

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.