Urgent.ly Inc. (NASDAQ:ULY) Short Interest Down 40.5% in March

Urgent.ly Inc. (NASDAQ:ULYGet Free Report) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 46,200 shares, a decrease of 40.5% from the February 29th total of 77,600 shares. Based on an average trading volume of 90,300 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC cut their price objective on shares of Urgent.ly from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, March 15th.

Get Our Latest Stock Analysis on Urgent.ly

Urgent.ly Stock Performance

NASDAQ ULY opened at $1.92 on Thursday. Urgent.ly has a one year low of $1.83 and a one year high of $12.00. The firm has a 50 day simple moving average of $2.31.

Insider Transactions at Urgent.ly

In other news, Director Volkow Ben sold 24,500 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $2.22, for a total transaction of $54,390.00. Following the transaction, the director now directly owns 562,522 shares in the company, valued at approximately $1,248,798.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Urgent.ly in the fourth quarter valued at approximately $37,000. Bank Hapoalim BM purchased a new position in Urgent.ly in the fourth quarter valued at approximately $47,000. Wellspring Financial Advisors LLC purchased a new position in Urgent.ly in the fourth quarter valued at approximately $69,000. Wealthspire Advisors LLC purchased a new position in Urgent.ly in the fourth quarter valued at approximately $136,000. Finally, Black Maple Capital Management LP purchased a new position in Urgent.ly in the fourth quarter valued at approximately $447,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

About Urgent.ly

(Get Free Report)

Urgent.ly Inc designs and develops a mobility assistance software platform for roadside assistance. Its services include car lockout, tire changes, towing, stuck in ditch and winch services, motorcycle towing, electric vehicle towing, jump start, and gas delivery. The company's software platform combines location-based services, real-time data, AI and machine-to-machine communication to provide roadside assistance solutions.

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