Urgent.ly Inc. (NASDAQ:ULY) Short Interest Up 115.5% in October

Urgent.ly Inc. (NASDAQ:ULY) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 451,300 shares, an increase of 115.5% from the October 15th total of 209,400 shares. Based on an average daily volume of 527,000 shares, the short-interest ratio is currently 0.9 days. Currently, 4.7% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC lowered their target price on Urgent.ly from $2.00 to $1.50 and set a “buy” rating on the stock in a report on Wednesday.

Urgent.ly Stock Performance

Shares of NASDAQ ULY traded down $0.01 during trading on Friday, hitting $0.60. The company had a trading volume of 51,551 shares, compared to its average volume of 190,365. The stock has a 50 day simple moving average of $0.70 and a 200 day simple moving average of $1.26. The firm has a market capitalization of $8.04 million and a P/E ratio of 0.06. Urgent.ly has a 12 month low of $0.52 and a 12 month high of $4.77.

Urgent.ly (NASDAQ:ULY) last released its earnings results on Monday, August 12th. The company reported ($0.87) earnings per share for the quarter. The company had revenue of $34.54 million for 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.