uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Short Interest Down 85.6% in August

Key Points

• uCloudlink Group's short interest saw a significant reduction of 85.6% in August, dropping from 43,100 shares to 6,200 shares as of August 31st.
• The company's stock traded down 1.9% to $2.52, with a 52-week range between $0.80 and $4.19, and a market capitalization of $95.26 million.
• uCloudlink reported earnings of $0.02 per share for the latest quarter, meeting analyst expectations, although its revenue of $19.38 million fell short of the projected $23 million.

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL - Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,200 shares, a drop of 85.6% from the August 15th total of 43,100 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 140,100 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 140,100 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

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

uCloudlink Group Stock Down 1.9%

uCloudlink Group stock traded down $0.05 during midday trading on Thursday, hitting $2.52. 35,681 shares of the stock were exchanged, compared to its average volume of 106,890. uCloudlink Group has a 52-week low of $0.80 and a 52-week high of $4.19. The stock has a market capitalization of $95.26 million, a price-to-earnings ratio of 50.40 and a beta of 4.39. The business's 50-day moving average price is $2.84 and its 200-day moving average price is $1.87.

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 for the quarter, hitting the consensus estimate 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 analysts' expectations of $23.00 million. uCloudlink Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts predict that uCloudlink Group will post 0.1 earnings per share for the current fiscal year.

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.

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