Short Interest in Urgent.ly Inc. (NASDAQ:ULY) Drops By 32.9%

Urgent.ly Inc. (NASDAQ:ULY) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 570,900 shares, a drop of 32.9% from the December 31st total of 850,800 shares. Currently, 6.1% of the shares of the company are sold short. Based on an average daily trading volume, of 470,900 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC dropped 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

Shares of NASDAQ:ULY traded up $0.01 during trading on Friday, reaching $0.50. The stock had a trading volume of 12,367 shares, compared to its average volume of 180,623. The business has a fifty day moving average price of $0.51 and a 200-day moving average price of $0.76. The stock has a market cap of $6.68 million, a PE ratio of 0.05 and a beta of 2.22. Urgent.ly has a 1-year low of $0.41 and a 1-year high of $3.45.

Urgent.ly (NASDAQ:ULY) last posted 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 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.