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

Urgent.ly Inc. (NASDAQ:ULY) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 248,500 shares, a growth of 475.2% from the September 15th total of 43,200 shares. Based on an average trading volume of 201,900 shares, the short-interest ratio is currently 1.2 days. Approximately 2.6% of the company’s stock are short sold.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Urgent.ly

An institutional investor recently bought a new position in Urgent.ly stock. Black Maple Capital Management LP acquired a new stake in Urgent.ly Inc. (NASDAQ:ULY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 141,151 shares of the company’s stock, valued at approximately $447,000. Black Maple Capital Management LP owned about 1.08% of Urgent.ly at the end of the most recent quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Urgent.ly Trading Up 4.2 %

NASDAQ:ULY traded up $0.03 during mid-day trading on Friday, reaching $0.63. 8,449 shares of the stock were exchanged, compared to its average volume of 101,230. Urgent.ly has a 1-year low of $0.59 and a 1-year high of $12.00. The business has a fifty day moving average price of $0.88 and a 200 day moving average price of $1.46. The firm has a market capitalization of $8.40 million and a PE ratio of 0.00.

Urgent.ly (NASDAQ:ULY) last announced its earnings results on Monday, August 12th. The company reported ($0.87) earnings per share (EPS) 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.