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

uCloudlink Group Inc. (NASDAQ:UCL) was the target of a significant increase in short interest during 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 trading volume, of 196,300 shares, the short-interest ratio is presently 0.6 days.

uCloudlink Group Stock Up 7.0 %

NASDAQ UCL traded up $0.09 during trading hours on Wednesday, hitting $1.37. The company’s stock had a trading volume of 126,707 shares, compared to its average volume of 237,673. The stock has a fifty day moving average of $1.49 and a 200 day moving average of $1.42. uCloudlink Group has a twelve month low of $0.97 and a twelve month high of $3.30. The firm has a market capitalization of $51.31 million, a P/E ratio of 12.45 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 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 in the prior year, the company posted $0.01 EPS. On average, analysts predict 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.