uCloudlink Group Inc. (NASDAQ:UCL) Short Interest Update

uCloudlink Group Inc. (NASDAQ:UCL) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 118,400 shares, an increase of 3,015.8% from the December 15th total of 3,800 shares. Based on an average daily volume of 196,300 shares, the days-to-cover ratio is presently 0.6 days.

uCloudlink Group Trading Down 10.5 %

UCL traded down $0.16 during mid-day trading on Monday, hitting $1.32. 166,399 shares of the stock were exchanged, compared to its average volume of 258,012. The firm’s fifty day moving average is $1.49 and its two-hundred day moving average is $1.43. uCloudlink Group has a 1-year low of $0.97 and a 1-year high of $3.30. The company has a market cap of $49.25 million, a PE ratio of 11.95 and a beta of 4.19.

uCloudlink Group (NASDAQ:UCL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.09 earnings per share (EPS) for the quarter, beating 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 company posted $0.01 EPS. As a group, research analysts anticipate that uCloudlink Group will post 0.01 earnings per share for the current year.

uCloudlink Group Company Profile

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.