Short Interest in uCloudlink Group Inc. (NASDAQ:UCL) Decreases By 55.8%

uCloudlink Group Inc. (NASDAQ:UCL) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 3,800 shares, a drop of 55.8% from the November 30th total of 8,600 shares. Based on an average trading volume of 143,100 shares, the days-to-cover ratio is presently 0.0 days.

uCloudlink Group Stock Up 20.0 %

Shares of NASDAQ UCL traded up $0.40 during trading hours on Friday, reaching $2.40. 668,173 shares of the stock traded hands, compared to its average volume of 61,030. The company’s 50-day simple moving average is $1.36 and its two-hundred day simple moving average is $1.43. The company has a market capitalization of $89.88 million, a P/E ratio of 21.82 and a beta of 4.41. uCloudlink Group has a 52-week low of $0.97 and a 52-week high of $3.30.

uCloudlink Group (NASDAQ:UCL) last posted its quarterly earnings results 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 net margin of 4.84% and a return on equity of 22.48%. During the same quarter in the prior year, the firm earned $0.01 EPS. As a group, sell-side analysts forecast that uCloudlink Group will post 0.01 earnings per share for the current fiscal 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.