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

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 8,121 shares, an increase of 77.9% from the June 30th total of 4,566 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 6,961 shares, the days-to-cover ratio is presently 1.2 days.

uCloudlink Group Trading Down 1.5%

Shares of UCL opened at $0.86 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.52 and a debt-to-equity ratio of 0.06. uCloudlink Group has a 12-month low of $0.78 and a 12-month high of $4.19. The firm has a 50-day moving average price of $0.97 and a 200 day moving average price of $1.28. The firm has a market capitalization of $32.58 million, a P/E ratio of 9.51 and a beta of 4.15.

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uCloudlink Group (NASDAQ:UCL – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.08). The firm had revenue of $16.86 million for the quarter, compared to analyst estimates of $16.00 million. uCloudlink Group had a return on equity of 12.59% and a net margin of 4.30%. Sell-side analysts forecast that uCloudlink Group will post -0.01 EPS for the current year.

Institutional Trading of uCloudlink Group

A hedge fund recently bought a new position in uCloudlink Group stock. Susquehanna International Group LLP acquired a new position in uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,099 shares of the company’s stock, valued at approximately $48,000. Susquehanna International Group LLP owned 0.06% of uCloudlink Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 85.54% of the company’s stock.

About uCloudlink Group

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uCloudlink Group Inc is a technology company specializing in global mobile data connectivity solutions. The company’s core offering is a cloud SIM virtualization platform that enables seamless roaming for consumers and enterprise users without the need for physical SIM cards. Leveraging proprietary CloudSIM technology, uCloudlink provides portable Wi-Fi hotspot devices, embedded IoT connectivity modules, and eSIM products designed to deliver high-speed data access in multiple countries.

Through its CloudSIM platform, uCloudlink dynamically switches between multiple mobile network operators to optimize coverage and data speeds while controlling costs.

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