Short Interest in uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Expands By 185.3%

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCLGet Free Report) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 11,328 shares, an increase of 185.3% from the April 15th total of 3,970 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 11,095 shares, the days-to-cover ratio is currently 1.0 days.

uCloudlink Group Trading Down 1.4%

NASDAQ:UCL opened at $1.04 on Friday. uCloudlink Group has a 12 month low of $1.01 and a 12 month high of $4.19. The company has a current ratio of 1.65, a quick ratio of 1.55 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $39.39 million, a price-to-earnings ratio of 11.50 and a beta of 4.25. The firm has a fifty day simple moving average of $1.35 and a two-hundred day simple moving average of $1.68.

uCloudlink Group (NASDAQ:UCLGet 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 analysts’ consensus estimates of ($0.01) by ($0.08). The company had revenue of $16.86 million for the quarter, compared to the consensus estimate of $16.00 million. uCloudlink Group had a return on equity of 12.59% and a net margin of 4.30%. Analysts expect that uCloudlink Group will post 0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On uCloudlink Group

An institutional investor recently bought a new position in uCloudlink Group stock. Citadel Advisors LLC acquired a new stake in shares of uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCLFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,311 shares of the company’s stock, valued at approximately $148,000. Citadel Advisors LLC owned approximately 0.18% of uCloudlink Group as of its most recent SEC filing. 85.54% of the stock is owned by institutional investors.

About uCloudlink Group

(Get Free Report)

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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