Urgent.ly Inc. (NASDAQ:ULY) Short Interest Update

Urgent.ly Inc. (NASDAQ:ULY) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,820,000 shares, an increase of 641.3% from the February 13th total of 380,400 shares. Based on an average daily volume of 2,770,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 29.6% of the company’s shares are sold short.

Urgent.ly Stock Performance

NASDAQ:ULY opened at $0.51 on Thursday. The firm has a market cap of $6.89 million, a PE ratio of 0.05 and a beta of 0.85. The business has a 50 day moving average price of $0.52 and a 200-day moving average price of $0.61. Urgent.ly has a fifty-two week low of $0.41 and a fifty-two week high of $3.45.

Urgent.ly (NASDAQ:ULY) last announced its earnings results on Wednesday, March 12th. The company reported ($0.65) EPS for the quarter.

Hedge Funds Weigh In On Urgent.ly

A hedge fund recently bought a new stake in Urgent.ly stock. Toronto Dominion Bank bought a new stake in shares of Urgent.ly Inc. (NASDAQ:ULY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 165,750 shares of the company’s stock, valued at approximately $85,000. Toronto Dominion Bank owned approximately 1.23% of Urgent.ly as of its most recent SEC filing. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Needham & Company LLC dropped their price objective on Urgent.ly from $2.00 to $1.50 and set a “buy” rating for the company in a research note on Wednesday, November 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.