Urgent.ly Inc. (NASDAQ:ULY) Short Interest Up 242.3% in September

Urgent.ly Inc. (NASDAQ:ULY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 75,300 shares, a growth of 242.3% from the August 31st total of 22,000 shares. Approximately 6.9% of the shares of the company are short sold. Based on an average daily volume of 465,600 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 465,600 shares, the short-interest ratio is currently 0.2 days. Approximately 6.9% of the shares of the company are short sold.

Urgent.ly Price Performance

ULY opened at $2.93 on Friday. The company has a fifty day moving average price of $4.27 and a 200-day moving average price of $5.56. The firm has a market capitalization of $4.09 million, a P/E ratio of -0.11 and a beta of -1.53. Urgent.ly has a one year low of $2.92 and a one year high of $17.99.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ULY shares. Wall Street Zen downgraded shares of Urgent.ly from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Needham & Company LLC reduced their target price on shares of Urgent.ly from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Chardan Capital reaffirmed a “buy” rating and set a $15.00 price objective on shares of Urgent.ly in a research note on Monday, August 11th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Urgent.ly in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.