uCloudlink Group Inc. (NASDAQ:UCL) Short Interest Update

uCloudlink Group Inc. (NASDAQ:UCL - Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 114,200 shares, a decline of 36.2% from the April 30th total of 179,000 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 54,000 shares, the short-interest ratio is currently 2.1 days.

uCloudlink Group Stock Performance

UCL stock traded down $0.01 during mid-day trading on Tuesday, reaching $1.59. 16,376 shares of the stock traded hands, compared to its average volume of 88,979. uCloudlink Group has a one year low of $0.80 and a one year high of $3.30. The stock has a market capitalization of $60.10 million, a PE ratio of 14.45 and a beta of 4.02. The business has a 50-day moving average price of $1.20 and a two-hundred day moving average price of $1.35.

uCloudlink Group (NASDAQ:UCL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. uCloudlink Group had a net margin of 4.84% and a return on equity of 22.48%. The company had revenue of $18.75 million for the quarter, compared to the consensus estimate of $18.20 million. On average, equities analysts expect that uCloudlink Group will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in shares of uCloudlink Group by 77.3% during the 4th quarter. Renaissance Technologies LLC now owns 54,805 shares of the company's stock worth $115,000 after acquiring an additional 23,900 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in uCloudlink Group in the 4th quarter worth $38,000. Finally, XTX Topco Ltd acquired a new position in uCloudlink Group during the fourth quarter worth $26,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

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.