uCloudlink Group Inc. (NASDAQ:UCL – Get Free Report) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 84,700 shares, an increase of 58.3% from the February 13th total of 53,500 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 253,000 shares, the days-to-cover ratio is presently 0.3 days.
uCloudlink Group Stock Up 1.6 %
Shares of UCL stock traded up $0.02 during trading hours on Friday, reaching $1.25. 36,088 shares of the company’s stock were exchanged, compared to its average volume of 88,300. uCloudlink Group has a fifty-two week low of $0.97 and a fifty-two week high of $3.30. The stock has a market capitalization of $46.81 million, a P/E ratio of 11.36 and a beta of 4.13. The business has a fifty day moving average price of $1.34 and a 200-day moving average price of $1.36.
uCloudlink Group (NASDAQ:UCL – Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. uCloudlink Group had a return on equity of 22.48% and a net margin of 4.84%. The company had revenue of $25.96 million during the quarter, compared to analyst estimates of $25.15 million. As a group, research analysts expect that uCloudlink Group will post 0.1 EPS for the current fiscal year.
Institutional Inflows and Outflows
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.
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