uCloudlink Group Inc. (NASDAQ:UCL) Short Interest Down 49.8% in January

uCloudlink Group Inc. (NASDAQ:UCL) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 59,400 shares, a drop of 49.8% from the December 31st total of 118,400 shares. Based on an average daily trading volume, of 223,000 shares, the days-to-cover ratio is currently 0.3 days.

uCloudlink Group Stock Performance

Shares of UCL stock traded down $0.02 on Thursday, hitting $1.33. 29,260 shares of the company’s stock traded hands, compared to its average volume of 197,829. The stock has a market capitalization of $49.81 million, a price-to-earnings ratio of 12.23 and a beta of 4.19. The company’s fifty day simple moving average is $1.56 and its 200 day simple moving average is $1.41. uCloudlink Group has a one year low of $0.97 and a one year high of $3.30.

uCloudlink Group (NASDAQ:UCL) last issued 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 net margin of 4.84% and a return on equity of 22.48%. During the same period in the previous year, the business earned $0.01 EPS. As a group, sell-side analysts anticipate that uCloudlink Group will post 0.1 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.