Short Interest in Urgent.ly Inc. (NASDAQ:ULY) Declines By 97.7%

Posted by Casey Walker on Mar 28th, 2025

Urgent.ly Inc. (NASDAQ:ULY – Get 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 64,100 shares, a decrease of 97.7% from the February 28th total of 2,820,000 shares. Based on an average trading volume of 258,800 shares, the short-interest ratio is presently 0.2 days. Approximately 7.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reduced their price target on shares of Urgent.ly from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, March 14th.

Check Out Our Latest Research Report on ULY

Urgent.ly Price Performance

NASDAQ ULY opened at $4.78 on Friday. The stock has a market capitalization of $5.95 million, a price-to-earnings ratio of 0.51 and a beta of 0.85. Urgent.ly has a 1-year low of $2.99 and a 1-year high of $32.04. The business’s fifty day moving average price is $5.77 and its 200-day moving average price is $6.84.

Urgent.ly (NASDAQ:ULY – Get Free Report) last announced its earnings results on Wednesday, March 12th. The company reported ($7.80) earnings per share (EPS) for the quarter. The business had revenue of $32.03 million during the quarter.

Institutional Trading of Urgent.ly

An institutional investor recently bought a new position in Urgent.ly stock. Toronto Dominion Bank purchased a new position in shares of Urgent.ly Inc. (NASDAQ:ULY – Free Report) during the 4th quarter, according to the company in its most recent filing 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 about 1.23% of Urgent.ly at the end of the most recent reporting period. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Urgent.ly Company Profile

(Get Free Report)

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.