Urgent.ly Inc. (NASDAQ:ULY) Sees Significant Growth in Short Interest

Urgent.ly Inc. (NASDAQ:ULYGet Free Report) was the recipient of a large 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. Currently, 2.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 201,900 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC lowered their price target on Urgent.ly from $5.00 to $2.00 and set a “buy” rating for the company in a report on Tuesday, August 13th.

View Our Latest Stock Analysis on Urgent.ly

Urgent.ly Trading Down 3.9 %

NASDAQ ULY traded down $0.02 during mid-day trading on Thursday, reaching $0.60. 61,855 shares of the company’s stock traded hands, compared to its average volume of 101,696. Urgent.ly has a 1-year low of $0.60 and a 1-year high of $12.00. The company has a market cap of $8.05 million and a price-to-earnings ratio of 0.00. The company has a fifty day simple moving average of $0.90 and a 200-day simple moving average of $1.46.

Urgent.ly (NASDAQ:ULYGet Free Report) 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.

Institutional Investors Weigh In On Urgent.ly

A hedge fund recently bought a new stake in Urgent.ly stock. Black Maple Capital Management LP bought a new stake in Urgent.ly Inc. (NASDAQ:ULYFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 institutional investors and hedge funds.

Urgent.ly Company Profile

(Get Free Report)

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.

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