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

uCloudlink Group Inc. (NASDAQ:UCL) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 27,700 shares, a drop of 22.2% from the September 30th total of 35,600 shares. Based on an average daily trading volume, of 21,100 shares, the days-to-cover ratio is presently 1.3 days.

uCloudlink Group Price Performance

NASDAQ UCL traded down $0.06 on Friday, reaching $1.16. The stock had a trading volume of 17,115 shares, compared to its average volume of 25,960. The company has a market cap of $43.44 million, a P/E ratio of 38.67 and a beta of 4.39. The firm has a fifty day moving average of $1.30 and a two-hundred day moving average of $1.48. uCloudlink Group has a 1-year low of $1.15 and a 1-year high of $2.96.

uCloudlink Group (NASDAQ:UCL) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. uCloudlink Group had a net margin of 5.02% and a return on equity of 24.44%. The firm had revenue of $22.36 million during the quarter, compared to the consensus estimate of $22.00 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. Research analysts predict that uCloudlink Group will post 0.04 EPS for the current fiscal year.

uCloudlink Group Company Profile

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.