uCloudlink Group Inc. (NASDAQ:UCL) Sees Significant Growth in Short Interest

uCloudlink Group Inc. (NASDAQ:UCL) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 8,600 shares, a growth of 43.3% from the November 15th total of 6,000 shares. Based on an average daily volume of 23,200 shares, the short-interest ratio is currently 0.4 days.

uCloudlink Group Stock Performance

UCL traded up $0.09 during mid-day trading on Friday, reaching $1.34. The stock had a trading volume of 16,166 shares, compared to its average volume of 25,652. The firm’s fifty day simple moving average is $1.21 and its two-hundred day simple moving average is $1.42. The stock has a market capitalization of $50.18 million, a P/E ratio of 12.18 and a beta of 4.41. uCloudlink Group has a 52 week low of $0.97 and a 52 week high of $2.39.

uCloudlink Group (NASDAQ:UCL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. uCloudlink Group had a return on equity of 22.48% and a net margin of 4.84%. During the same period last year, the business earned $0.01 earnings per share. As a group, analysts expect that uCloudlink Group will post 0.01 EPS for the current fiscal year.

About uCloudlink Group

uCloudlink Group Inc operates as a mobile data traffic sharing marketplace in the telecommunications industry. The company provides uCloudlink 1.0, a model that focuses on cross-border travelers that need mobile data connectivity services in various countries; and operates portable Wi-Fi services under the Roamingman name in China and Malaysia, which provides global mobile data connectivity services, as well as offers GlocalMe portable Wi-Fi terminals and cloud SIM architecture for mobile virtual network operators, mobile network operators (MNOs), and portable Wi-Fi terminal rental companies.