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

uCloudlink Group Inc. (NASDAQ:UCLGet Free Report) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 5,400 shares, a drop of 80.5% from the October 15th total of 27,700 shares. Based on an average daily trading volume, of 17,200 shares, the short-interest ratio is currently 0.3 days.

uCloudlink Group Stock Up 7.8 %

Shares of NASDAQ UCL opened at $1.13 on Wednesday. The stock’s 50-day simple moving average is $1.23 and its two-hundred day simple moving average is $1.45. uCloudlink Group has a twelve month low of $0.97 and a twelve month high of $2.96. The firm has a market capitalization of $42.32 million, a P/E ratio of 10.27 and a beta of 4.42.

uCloudlink Group (NASDAQ:UCLGet Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. uCloudlink Group had a net margin of 5.02% and a return on equity of 24.44%. The company had revenue of $22.36 million for the quarter, compared to analysts’ expectations of $22.00 million. During the same period in the prior year, the business earned ($0.02) earnings per share. As a group, research analysts anticipate that uCloudlink Group will post 0.04 EPS for the current fiscal year.

About uCloudlink Group

(Get Free Report)

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.

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