uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Short Interest Up 288.3% in August

Key Points

• Short Interest Rises: uCloudlink Group Inc. saw a significant increase in short interest of 288.3% in August, rising from 11,100 shares to 43,100 shares.
• Quarterly Earnings Report: The company reported an EPS of $0.02 for the latest quarter, meeting analysts' expectations, but its revenue of $19.38 million fell short of the forecast of $23.00 million.
• Institutional Investment Increase: Renaissance Technologies LLC raised its position in uCloudlink Group by 77.3%, holding approximately 0.15% of the company after acquiring additional shares.

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL - Get Free Report) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 43,100 shares, anincreaseof288.3% from the July 31st total of 11,100 shares. Based on an average trading volume of 138,500 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 138,500 shares, the days-to-cover ratio is presently 0.3 days.

uCloudlink Group Stock Performance

Shares of UCL stock traded down $0.06 on Monday, reaching $2.92. 66,586 shares of the company's stock traded hands, compared to its average volume of 107,067. The company has a market capitalization of $110.22 million, a P/E ratio of 58.40 and a beta of 4.39. The business's 50 day moving average price is $2.79 and its two-hundred day moving average price is $1.85. uCloudlink Group has a 12-month low of $0.80 and a 12-month high of $4.19.

uCloudlink Group (NASDAQ:UCL - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $19.38 million for the quarter, compared to the consensus estimate of $23.00 million. uCloudlink Group had a return on equity of 8.89% and a net margin of 2.19%. uCloudlink Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts predict that uCloudlink Group will post 0.1 earnings per share for the current year.

Institutional Trading of uCloudlink Group

A hedge fund recently raised its stake in uCloudlink Group stock. Renaissance Technologies LLC lifted its stake in shares of uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL - Free Report) by 77.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 54,805 shares of the company's stock after acquiring an additional 23,900 shares during the period. Renaissance Technologies LLC owned approximately 0.15% of uCloudlink Group worth $115,000 as of its most recent SEC filing. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded uCloudlink Group to a "sell" rating in a report on Friday, August 22nd.

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.