Short Interest in uCloudlink Group Inc. (NASDAQ:UCL) Expands By 3,015.8%

uCloudlink Group Inc. (NASDAQ:UCL) 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 days-to-cover ratio is presently 0.6 days.

uCloudlink Group Stock Performance

UCL stock traded up $0.02 during mid-day trading on Tuesday, reaching $1.40. 33,491 shares of the stock traded hands, compared to its average volume of 216,246. uCloudlink Group has a one year low of $0.97 and a one year high of $3.30. The stock has a market capitalization of $52.24 million, a PE ratio of 12.68 and a beta of 4.19. The business has a 50-day moving average price of $1.55 and a two-hundred day moving average price of $1.41.

uCloudlink Group (NASDAQ:UCL) last released its earnings results on Tuesday, November 26th. The company reported $0.09 earnings per share for the quarter, topping 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 in the prior year, the business earned $0.01 earnings per share. On average, equities 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.