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

Urgent.ly Inc. (NASDAQ:ULY) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 209,400 shares, a decrease of 15.7% from the September 30th total of 248,500 shares. Based on an average daily trading volume, of 512,200 shares, the short-interest ratio is presently 0.4 days. Currently, 2.2% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC lowered their target price on Urgent.ly from $5.00 to $2.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th.

Urgent.ly Stock Down 13.1 %

NASDAQ:ULY traded down $0.10 during trading on Monday, reaching $0.66. The company’s stock had a trading volume of 97,374 shares, compared to its average volume of 195,180. The firm has a 50 day moving average of $0.80 and a 200-day moving average of $1.37. Urgent.ly has a 12 month low of $0.57 and a 12 month high of $4.88.

Urgent.ly (NASDAQ:ULY) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.87) earnings per share for the quarter. The firm had revenue of $34.54 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.