uCloudlink Group Inc. (NASDAQ:UCL) Sees Significant Increase in Short Interest

uCloudlink Group Inc. (NASDAQ:UCL - Get Free Report) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 42,200 shares, a growth of 455.3% from the March 31st total of 7,600 shares. Based on an average trading volume of 41,400 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of uCloudlink Group from a "c-" rating to a "d+" rating in a report on Tuesday, January 9th.

uCloudlink Group Price Performance

Shares of UCL traded up $0.03 during midday trading on Thursday, hitting $1.40. The stock had a trading volume of 26,566 shares, compared to its average volume of 35,077. The firm has a market cap of $52.43 million, a PE ratio of 17.50 and a beta of 4.50. uCloudlink Group has a 1 year low of $1.17 and a 1 year high of $4.78. The stock's 50 day moving average is $1.55 and its 200 day moving average is $1.77.

uCloudlink Group (NASDAQ:UCL - Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.10). The company had revenue of $21.73 million during the quarter, compared to analyst estimates of $23.58 million. uCloudlink Group had a net margin of 3.28% and a return on equity of 18.58%. As a group, equities research analysts expect that uCloudlink Group will post 0.11 earnings per share 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.

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