Short Interest in uCloudlink Group Inc. (NASDAQ:UCL) Increases By 3,015.8%

uCloudlink Group Inc. (NASDAQ:UCL - Get Free Report) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 118,400 shares, an increase of 3,015.8% from the December 31st total of 3,800 shares. Based on an average daily volume of 196,300 shares, the days-to-cover ratio is currently 0.6 days.

uCloudlink Group Trading Down 3.7 %

NASDAQ UCL traded down $0.05 during mid-day trading on Friday, reaching $1.31. 43,335 shares of the company's stock traded hands, compared to its average volume of 190,782. uCloudlink Group has a 1-year low of $0.97 and a 1-year high of $3.30. The company has a fifty day simple moving average of $1.56 and a 200-day simple moving average of $1.41. The company has a market cap of $49.06 million, a price-to-earnings ratio of 11.91 and a beta of 4.19.

uCloudlink Group (NASDAQ:UCL - Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported $0.09 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 last year, the business posted $0.01 earnings per share. Equities research analysts forecast that uCloudlink Group will post 0.1 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.