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

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

uCloudlink Group Stock Performance

UCL stock opened at $1.39 on Wednesday. The stock’s 50 day simple moving average is $1.56 and its 200 day simple moving average is $1.41. uCloudlink Group has a fifty-two week low of $0.97 and a fifty-two week high of $3.30. The company has a market cap of $52.06 million, a P/E ratio of 12.81 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 EPS for the quarter, topping the consensus estimate 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 in the prior year, the firm earned $0.01 earnings per share. Equities analysts predict that uCloudlink Group will post 0.1 earnings per share 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.