Short Interest in uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Declines By 28.8%

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) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 11,100 shares, adropof28.8% from the July 15th total of 15,600 shares. Based on an average daily trading volume, of 112,800 shares, the short-interest ratio is currently 0.1 days. Approximately0.1% of the company's shares are short sold. Approximately0.1% of the company's shares are short sold. Based on an average daily trading volume, of 112,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in 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 during the period. Two Sigma Securities LLC acquired a new stake in shares of uCloudlink Group during the fourth quarter worth $38,000. Finally, XTX Topco Ltd acquired a new position in uCloudlink Group during the fourth quarter valued at $26,000. 85.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

uCloudlink Group Stock Performance

Shares of NASDAQ UCL traded up $0.43 during trading on Friday, reaching $3.64. The stock had a trading volume of 168,253 shares, compared to its average volume of 214,464. uCloudlink Group has a one year low of $0.80 and a one year high of $4.19. The stock has a market cap of $137.58 million, a PE ratio of 72.80 and a beta of 4.26. The firm's 50 day moving average price is $2.50 and its two-hundred day moving average price is $1.70.

uCloudlink Group (NASDAQ:UCL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $19.38 million during 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. On average, research analysts expect that uCloudlink Group will post 0.1 earnings per share for the current 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.