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

Key Points

• uCloudlink Group Inc.'s short interest experienced a significant decline of 28.8% in July, dropping from 15,600 shares to 11,100 shares.
• Institutional investors hold a substantial 85.54% of uCloudlink's stock, with notable increases in holdings from companies like Renaissance Technologies LLC.
• The company's stock price is currently down 14.1%, with shares opening at $3.10, while it reported earnings of $0.02 per share in its latest quarterly results.

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL - Get Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 11,100 shares, adecreaseof28.8% from the July 15th total of 15,600 shares. Based on an average daily volume of 112,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately0.1% of the company's stock are sold short. Approximately0.1% of the company's stock are sold short. Based on an average daily volume of 112,800 shares, the days-to-cover ratio is currently 0.1 days.

uCloudlink Group Price Performance

NASDAQ:UCL traded up $0.31 during midday trading on Monday, reaching $3.95. The stock had a trading volume of 162,393 shares, compared to its average volume of 214,354. uCloudlink Group has a 1-year low of $0.80 and a 1-year high of $4.19. The firm's fifty day simple moving average is $2.54 and its 200-day simple moving average is $1.72. The stock has a market capitalization of $149.31 million, a P/E ratio of 79.00 and a beta of 4.26.

uCloudlink Group (NASDAQ:UCL - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. uCloudlink Group had a net margin of 2.19% and a return on equity of 8.89%. The business had revenue of $19.38 million for the quarter, compared to analyst estimates of $23.00 million. uCloudlink Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that uCloudlink Group will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its position 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 during the last quarter. Two Sigma Securities LLC acquired a new stake in uCloudlink Group in the 4th quarter worth $38,000. Finally, XTX Topco Ltd acquired a new stake in uCloudlink Group in the 4th quarter worth $26,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of uCloudlink Group to a "sell" rating in a research note on Friday.

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.