uCloudlink Group Inc. (NASDAQ:UCL) Sees Large Drop in Short Interest

uCloudlink Group Inc. (NASDAQ:UCL) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 59,400 shares, a decline of 49.8% from the December 31st total of 118,400 shares. Based on an average daily volume of 223,000 shares, the days-to-cover ratio is presently 0.3 days.

uCloudlink Group Trading Down 1.5 %

UCL traded down $0.02 during trading on Thursday, hitting $1.33. 29,260 shares of the company’s stock traded hands, compared to its average volume of 197,829. uCloudlink Group has a 12-month low of $0.97 and a 12-month high of $3.30. The company’s 50 day simple moving average is $1.56 and its two-hundred day simple moving average is $1.41. The stock has a market capitalization of $49.81 million, a price-to-earnings ratio of 12.23 and a beta of 4.19.

uCloudlink Group (NASDAQ:UCL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. uCloudlink Group had a net margin of 4.84% and a return on equity of 22.48%. During the same quarter in the prior year, the business earned $0.01 EPS. On average, equities analysts expect that uCloudlink Group will post 0.1 EPS for the current 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.