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

Urgent.ly Inc. (NASDAQ:ULY) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 380,400 shares, a decrease of 18.1% from the January 31st total of 464,700 shares. Based on an average daily volume of 182,100 shares, the short-interest ratio is currently 2.1 days. Currently, 4.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Urgent.ly stock. Toronto Dominion Bank acquired a new position in shares of 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 institutional investor acquired 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 filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC cut their price objective on Urgent.ly from $2.00 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, November 13th.

Urgent.ly Stock Down 5.8 %

Shares of ULY traded down $0.04 during mid-day trading on Wednesday, hitting $0.59. 179,471 shares of the company’s stock were exchanged, compared to its average volume of 4,101,128. Urgent.ly has a twelve month low of $0.41 and a twelve month high of $3.45. The firm has a fifty day moving average of $0.51 and a two-hundred day moving average of $0.63. The stock has a market cap of $7.92 million, a price-to-earnings ratio of 0.06 and a beta of 0.81.

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.