uCloudlink Group Inc. (NASDAQ:UCL – Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 118,400 shares, an increase of 3,015.8% from the December 31st total of 3,800 shares. Based on an average daily volume of 196,300 shares, the short-interest ratio is presently 0.6 days.
uCloudlink Group Price Performance
uCloudlink Group stock traded up $0.02 during midday trading on Tuesday, reaching $1.40. The company’s stock had a trading volume of 33,491 shares, compared to its average volume of 216,246. The stock’s 50-day simple moving average is $1.55 and its 200-day simple moving average is $1.41. The stock has a market capitalization of $52.24 million, a P/E ratio of 12.68 and a beta of 4.19. 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 posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. uCloudlink Group had a net margin of 4.84% and a return on equity of 22.48%. During the same period in the previous year, the company earned $0.01 earnings per share. As a group, equities research analysts expect 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.
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