uCloudlink Group Inc. (NASDAQ:UCL) Short Interest Down 55.8% in December

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

uCloudlink Group Price Performance

uCloudlink Group stock traded up $0.40 during trading hours on Friday, reaching $2.40. The stock had a trading volume of 668,173 shares, compared to its average volume of 61,030. The company has a fifty day simple moving average of $1.36 and a 200-day simple moving average of $1.43. uCloudlink Group has a 52 week low of $0.97 and a 52 week high of $3.30. The stock has a market cap of $89.88 million, a PE ratio of 21.82 and a beta of 4.41.

uCloudlink Group (NASDAQ:UCL) last posted its earnings results on Tuesday, November 26th. The company reported $0.09 earnings per share (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 previous year, the firm earned $0.01 EPS. Research analysts predict 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.