Short Interest in uCloudlink Group Inc. (NASDAQ:UCL) Drops By 49.8%

uCloudlink Group Inc. (NASDAQ:UCL) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 59,400 shares, a decline of 49.8% from the December 31st total of 118,400 shares. Based on an average daily volume of 223,000 shares, the short-interest ratio is currently 0.3 days.

uCloudlink Group Trading Down 3.7 %

NASDAQ UCL traded down $0.05 on Friday, hitting $1.31. 43,335 shares of the stock traded hands, compared to its average volume of 186,516. The stock has a 50-day moving average of $1.56 and a 200 day moving average of $1.40. uCloudlink Group has a twelve month low of $0.97 and a twelve month high of $3.30. The company has a market capitalization of $49.06 million, a P/E ratio of 11.91 and a beta of 4.19.

uCloudlink Group (NASDAQ:UCL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. uCloudlink Group had a return on equity of 22.48% and a net margin of 4.84%. During the same quarter last year, the company posted $0.01 EPS. As a group, equities research analysts expect that uCloudlink Group will post 0.1 earnings per share for the current 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.