uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Sees Significant Growth in Short Interest

Key Points

• uCloudlink Group Inc. experienced a significant increase in short interest of 83.5% in July, with total shares short rising from 8,500 to 15,600.
• The company's stock is currently trading at $2.78 with a market capitalization of $105.08 million and a PE ratio of 30.89, indicating strong investor interest.
• Recent institutional activity includes new stakes bought by XTX Topco Ltd and Two Sigma Securities LLC, while Renaissance Technologies LLC increased its stake by 77.3%.

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL - Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 15,600 shares, agrowthof83.5% from the June 30th total of 8,500 shares. Based on an average daily volume of 81,600 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 81,600 shares, the days-to-cover ratio is currently 0.2 days.

uCloudlink Group Price Performance

Shares of NASDAQ UCL traded up $0.05 during trading on Wednesday, hitting $2.78. The stock had a trading volume of 173,906 shares, compared to its average volume of 144,130. The firm has a fifty day moving average of $2.05 and a two-hundred day moving average of $1.51. uCloudlink Group has a 12 month low of $0.80 and a 12 month high of $3.30. The company has a market capitalization of $105.08 million, a PE ratio of 30.89 and a beta of 4.26.

uCloudlink Group (NASDAQ:UCL - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $18.75 million during the quarter, compared to analyst estimates of $18.20 million. uCloudlink Group had a return on equity of 16.53% and a net margin of 3.81%. On average, equities analysts expect that uCloudlink Group will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of uCloudlink Group during the fourth quarter valued at about $26,000. Two Sigma Securities LLC bought a new stake in uCloudlink Group during the 4th quarter worth approximately $38,000. Finally, Renaissance Technologies LLC lifted its stake in uCloudlink Group by 77.3% in the 4th quarter. Renaissance Technologies LLC now owns 54,805 shares of the company's stock worth $115,000 after purchasing an additional 23,900 shares in the last quarter. 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.