Urgent.ly Inc. (NASDAQ:ULY) Short Interest Down 33.6% in July

Urgent.ly Inc. (NASDAQ:ULY) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 42,400 shares, a decline of 33.6% from the June 30th total of 63,900 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,000 shares, the short-interest ratio is presently 1.8 days.

Urgent.ly Price Performance

Shares of ULY traded up $0.20 on Friday, reaching $1.63. 50,169 shares of the company’s stock were exchanged, compared to its average volume of 25,743. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 6.88. The business has a 50 day moving average price of $1.71 and a two-hundred day moving average price of $2.00. Urgent.ly has a 12 month low of $1.33 and a 12 month high of $12.00.

Urgent.ly (NASDAQ:ULY) last posted its quarterly earnings results on Monday, May 13th. The company reported ($0.97) earnings per share for the quarter. The company had revenue of $40.09 million for the quarter.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “buy” rating and issued a $5.00 price target on shares of Urgent.ly in a research report on Tuesday, May 14th.

Institutional Investors Weigh In On Urgent.ly

Several large investors have recently bought and sold shares of ULY. Mithaq Capital SPC bought a new stake in shares of Urgent.ly during the fourth quarter worth $3,784,000. Senvest Management LLC bought a new stake in shares of Urgent.ly during the fourth quarter worth $2,173,000. B. Riley Financial Inc. bought a new stake in shares of Urgent.ly during the fourth quarter worth $1,322,000. Cowen AND Company LLC bought a new stake in shares of Urgent.ly during the fourth quarter worth $1,275,000. Finally, Black Maple Capital Management LP bought a new stake in shares of Urgent.ly during the fourth quarter worth $447,000. Institutional investors own 28.30% of the company’s stock.

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.