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

uCloudlink Group Inc. (NASDAQ:UCL) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 8,600 shares, an increase of 43.3% from the November 15th total of 6,000 shares. Based on an average daily volume of 23,200 shares, the days-to-cover ratio is presently 0.4 days.

uCloudlink Group Price Performance

Shares of NASDAQ UCL traded up $0.10 during trading hours on Friday, reaching $1.35. The stock had a trading volume of 15,659 shares, compared to its average volume of 25,649. The business’s fifty day moving average is $1.21 and its two-hundred day moving average is $1.42. The company has a market cap of $50.56 million, a price-to-earnings ratio of 12.50 and a beta of 4.41. uCloudlink Group has a twelve month low of $0.97 and a twelve month high of $2.39.

uCloudlink Group (NASDAQ:UCL) last announced its quarterly earnings data 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 net margin of 4.84% and a return on equity of 22.48%. During the same period in the previous year, the business posted $0.01 earnings per share. Sell-side analysts forecast that uCloudlink Group will post 0.01 earnings per share 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.