Urgent.ly Inc. (NASDAQ:ULY) Short Interest Down 97.7% in March

Urgent.ly Inc. (NASDAQ:ULY) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 64,100 shares, a decline of 97.7% from the February 28th total of 2,820,000 shares. Based on an average trading volume of 258,800 shares, the days-to-cover ratio is currently 0.2 days. Approximately 7.3% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC decreased their price target on Urgent.ly from $18.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 14th.

Institutional Investors Weigh In On Urgent.ly

An institutional investor recently bought a new position in Urgent.ly stock. Toronto Dominion Bank purchased a new position in Urgent.ly Inc. (NASDAQ:ULY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 165,750 shares of the company’s stock, valued at approximately $85,000. Toronto Dominion Bank owned 1.23% of Urgent.ly at the end of the most recent reporting period. 28.30% of the stock is currently owned by institutional investors.

Urgent.ly Trading Up 23.8 %

Urgent.ly stock opened at $4.84 on Thursday. The firm has a market capitalization of $6.02 million, a PE ratio of 0.52 and a beta of 0.85. Urgent.ly has a 12-month low of $2.99 and a 12-month high of $32.04. The firm has a 50-day moving average price of $5.79 and a 200-day moving average price of $6.86.

Urgent.ly (NASDAQ:ULY) last posted its quarterly earnings data on Wednesday, March 12th. The company reported ($7.80) earnings per share for the quarter. The company had revenue of $32.03 million for the quarter.

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.