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

uCloudlink Group Inc. (NASDAQ:UCL) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 41,300 shares, a decrease of 51.2% from the February 28th total of 84,700 shares. Based on an average daily volume of 246,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

uCloudlink Group Trading Up 0.8 %

Shares of UCL stock opened at $1.25 on Friday. The stock’s fifty day simple moving average is $1.30 and its 200-day simple moving average is $1.35. uCloudlink Group has a 1-year low of $0.97 and a 1-year high of $3.30. The company has a market capitalization of $46.81 million, a price-to-earnings ratio of 11.36 and a beta of 4.13.

uCloudlink Group (NASDAQ:UCL) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $25.96 million during the quarter, compared to analysts’ expectations of $25.15 million. On average, sell-side analysts predict that uCloudlink Group will post 0.1 EPS for the current year.

Institutional Investors Weigh In On uCloudlink Group

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its position in shares of uCloudlink Group by 77.3% in the fourth quarter. Renaissance Technologies LLC now owns 54,805 shares of the company’s stock worth $115,000 after buying an additional 23,900 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in uCloudlink Group in the 4th quarter worth approximately $38,000. Finally, XTX Topco Ltd bought a new stake in uCloudlink Group during the fourth quarter worth approximately $26,000. 85.54% of the stock is currently owned by institutional investors.

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.