Urgent.ly Inc. (NASDAQ:ULY) Short Interest Down 15.7% in October

Urgent.ly Inc. (NASDAQ:ULY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 209,400 shares, a decrease of 15.7% from the September 30th total of 248,500 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 512,200 shares, the days-to-cover ratio is currently 0.4 days.

Urgent.ly Price Performance

Shares of ULY opened at $0.64 on Wednesday. Urgent.ly has a fifty-two week low of $0.57 and a fifty-two week high of $4.88. The firm has a market capitalization of $8.53 million and a PE ratio of 0.00. The company’s 50-day moving average is $0.79 and its 200-day moving average is $1.35.

Urgent.ly (NASDAQ:ULY) last announced 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.

Analysts Set New Price Targets

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 research report on Tuesday, August 13th.

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.