uCloudlink Group Inc. (NASDAQ:UCL) Sees Large Drop in Short Interest

uCloudlink Group Inc. (NASDAQ:UCL - Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 59,400 shares, a decrease 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 Trading Up 0.8 %

UCL traded up $0.01 during trading on Monday, reaching $1.32. 166,557 shares of the company were exchanged, compared to its average volume of 189,571. The stock has a market cap of $49.43 million, a P/E ratio of 12.00 and a beta of 4.14. The firm has a 50 day moving average of $1.56 and a 200 day moving average of $1.40. uCloudlink Group has a 52 week low of $0.97 and a 52 week high of $3.30.

uCloudlink Group (NASDAQ:UCL - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the company posted $0.01 earnings per share. As a group, 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.