Urgent.ly Inc. (NASDAQ:ULY) Short Interest Up 641.3% in February

Urgent.ly Inc. (NASDAQ:ULYGet Free Report) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 2,820,000 shares, a growth of 641.3% from the February 13th total of 380,400 shares. Approximately 29.6% of the shares of the company are short sold. Based on an average daily trading volume, of 2,770,000 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Urgent.ly

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

Urgent.ly Stock Performance

Shares of Urgent.ly stock opened at $0.30 on Friday. Urgent.ly has a twelve month low of $0.25 and a twelve month high of $3.31. The firm has a market cap of $4.10 million, a P/E ratio of 0.03 and a beta of 0.85. The firm’s 50-day simple moving average is $0.51 and its 200-day simple moving average is $0.61.

Urgent.ly’s stock is going to reverse split before the market opens on Tuesday, March 18th. The 1-12 reverse split was announced on Thursday, March 13th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, March 17th.

Urgent.ly (NASDAQ:ULYGet Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported ($0.65) earnings per share (EPS) for the quarter. The business had revenue of $32.03 million during the quarter.

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.

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