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

Urgent.ly Inc. (NASDAQ:ULY) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 570,900 shares, a decline of 32.9% from the December 31st total of 850,800 shares. Based on an average trading volume of 470,900 shares, the days-to-cover ratio is presently 1.2 days. Approximately 6.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC decreased their price target on shares of 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 Trading Up 1.0 %

Shares of ULY traded up $0.01 during mid-day trading on Friday, hitting $0.50. The company’s stock had a trading volume of 12,367 shares, compared to its average volume of 180,623. The firm has a market capitalization of $6.68 million, a price-to-earnings ratio of 0.05 and a beta of 2.22. The company’s 50-day moving average is $0.51 and its 200-day moving average is $0.76. Urgent.ly has a 52-week low of $0.41 and a 52-week high of $3.45.

Urgent.ly (NASDAQ:ULY) last announced its earnings results on Tuesday, November 12th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.68) by ($0.11). The business 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.