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

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 recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 6,200 shares, a decrease of 85.6% from the August 15th total of 43,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 140,100 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 140,100 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

uCloudlink Group Trading Down 0.8%

Shares of uCloudlink Group stock traded down $0.02 during trading hours on Tuesday, reaching $2.56. 78,699 shares of the company's stock were exchanged, compared to its average volume of 106,607. uCloudlink Group has a 52-week low of $0.80 and a 52-week high of $4.19. The firm has a market capitalization of $96.72 million, a price-to-earnings ratio of 51.00 and a beta of 4.39. The company has a fifty day moving average of $2.88 and a 200-day moving average of $1.91.

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, hitting analysts' consensus estimates of $0.02. uCloudlink Group had a return on equity of 8.89% and a net margin of 2.19%.The company 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded uCloudlink Group from a "sell" rating to a "hold" rating in a report on Saturday.

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.