Urgent.ly Inc. (NASDAQ:ULY) Short Interest Down 28.4% in September

Urgent.ly Inc. (NASDAQ:ULY) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 53,900 shares, a decline of 28.4% from the September 15th total of 75,300 shares. Based on an average trading volume of 353,300 shares, the short-interest ratio is presently 0.2 days. Approximately 4.9% of the company’s stock are sold short. Approximately 4.9% of the company’s stock are sold short. Based on an average trading volume of 353,300 shares, the short-interest ratio is presently 0.2 days.

Urgent.ly Price Performance

Shares of ULY stock opened at $3.00 on Friday. The firm has a 50-day moving average of $3.71 and a 200-day moving average of $5.41. The company has a market cap of $4.20 million, a P/E ratio of -0.11 and a beta of -1.53. Urgent.ly has a one year low of $2.63 and a one year high of $17.99.

Urgent.ly (NASDAQ:ULY) last announced its earnings results on Tuesday, August 12th. The company reported ($4.50) EPS for the quarter, missing the consensus estimate of ($2.70) by ($1.80). The firm had revenue of $31.70 million for the quarter, compared to the consensus estimate of $31.00 million.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Needham & Company LLC dropped their target price on shares of Urgent.ly from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Chardan Capital reiterated a “buy” rating and set a $15.00 target price on shares of Urgent.ly in a research report on Monday, August 11th. Wall Street Zen downgraded shares of Urgent.ly from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Urgent.ly in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Urgent.ly has a consensus rating of “Hold” and an average price target of $11.50.

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.