uCloudlink Group Inc. (NASDAQ:UCL) Short Interest Down 18.3% in September

uCloudlink Group Inc. (NASDAQ:UCL) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 35,600 shares, a drop of 18.3% from the September 15th total of 43,600 shares. Based on an average daily volume of 18,700 shares, the days-to-cover ratio is currently 1.9 days.

uCloudlink Group Price Performance

Shares of UCL opened at $1.21 on Monday. The firm’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $1.50. The company has a market capitalization of $45.31 million, a P/E ratio of 40.33 and a beta of 4.39. uCloudlink Group has a 1-year low of $1.16 and a 1-year high of $2.96.

uCloudlink Group (NASDAQ:UCL) last announced its earnings results on Wednesday, August 14th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $22.36 million for the quarter, compared to the consensus estimate of $22.00 million. uCloudlink Group had a net margin of 5.02% and a return on equity of 24.44%. During the same period last year, the firm posted ($0.02) earnings per share. On average, equities analysts anticipate that uCloudlink Group will post 0.04 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.