Urgent.ly Inc. (NASDAQ:ULY) Short Interest Down 52.1% in July

Urgent.ly Inc. (NASDAQ:ULY) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 18,300 shares, adecreaseof52.1% from the July 15th total of 38,200 shares. Approximately1.7% of the company’s stock are sold short. Based on an average trading volume of 444,000 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 444,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately1.7% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ULY. Chardan Capital reaffirmed a “buy” rating and issued a $15.00 target price on shares of Urgent.ly in a research report on Monday, August 11th. Wall Street Zen cut Urgent.ly from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Finally, Needham & Company LLC decreased their price target on Urgent.ly from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th.

Institutional Investors Weigh In On Urgent.ly

An institutional investor recently bought a new position in Urgent.ly stock. Toronto Dominion Bank acquired a new position in Urgent.ly Inc. (NASDAQ:ULY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 165,750 shares of the company’s stock, valued at approximately $85,000. Toronto Dominion Bank owned approximately 1.23% of Urgent.ly at the end of the most recent quarter. Institutional investors and hedge funds own 28.30% of the company’s stock.

Urgent.ly Trading Down 0.7%

NASDAQ:ULY opened at $5.13 on Monday. Urgent.ly has a 1 year low of $2.99 and a 1 year high of $17.99. The stock has a market cap of $7.18 million, a price-to-earnings ratio of -0.19 and a beta of -1.42. The stock has a 50-day moving average price of $5.82 and a two-hundred day moving average price of $6.06.

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

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.