Short Interest in Urgent.ly Inc. (NASDAQ:ULY) Grows By 145.3%

Urgent.ly Inc. (NASDAQ:ULY) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 850,800 shares, a growth of 145.3% from the December 31st total of 346,800 shares. Based on an average daily volume of 500,200 shares, the days-to-cover ratio is presently 1.7 days. Currently, 9.1% of the company’s shares are sold short.

Urgent.ly Stock Up 1.0 %

Shares of NASDAQ ULY traded up $0.01 during trading on Friday, hitting $0.50. 12,367 shares of the company traded hands, compared to its average volume of 180,623. The firm has a market capitalization of $6.68 million, a P/E ratio of 0.05 and a beta of 2.22. The company has a 50-day moving average price of $0.51 and a 200-day moving average price of $0.76. Urgent.ly has a 1 year low of $0.41 and a 1 year high of $3.45.

Urgent.ly (NASDAQ:ULY) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.11). The firm had revenue of $36.25 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC cut their price objective on shares of Urgent.ly from $2.00 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, November 13th.

Urgent.ly Company Profile

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.