uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Sees Significant Decline in Short Interest

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 1,922 shares, a drop of 20.3% from the January 15th total of 2,412 shares. Based on an average daily trading volume, of 9,619 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,619 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On uCloudlink Group

An institutional investor recently bought a new position in uCloudlink Group stock. Susquehanna International Group LLP acquired a new stake in uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,099 shares of the company’s stock, valued at approximately $48,000. Susquehanna International Group LLP owned 0.06% of uCloudlink Group at the end of the most recent reporting period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of uCloudlink Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, uCloudlink Group has an average rating of “Sell”.

uCloudlink Group Stock Performance

NASDAQ:UCL opened at $1.65 on Friday. The company has a market cap of $62.29 million, a P/E ratio of 8.24 and a beta of 4.62. The firm’s 50 day moving average is $1.74 and its two-hundred day moving average is $2.27. uCloudlink Group has a fifty-two week low of $0.80 and a fifty-two week high of $4.19. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.03.

uCloudlink Group (NASDAQ:UCL) last posted its earnings results on Wednesday, November 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.22. The firm had revenue of $21.15 million during the quarter, compared to the consensus estimate of $22.10 million. uCloudlink Group had a net margin of 9.23% and a return on equity of 32.40%. Analysts expect that uCloudlink Group will post 0.1 EPS for the current year.

About uCloudlink Group

uCloudlink Group Inc is a technology company specializing in global mobile data connectivity solutions. The company’s core offering is a cloud SIM virtualization platform that enables seamless roaming for consumers and enterprise users without the need for physical SIM cards. Leveraging proprietary CloudSIM technology, uCloudlink provides portable Wi-Fi hotspot devices, embedded IoT connectivity modules, and eSIM products designed to deliver high-speed data access in multiple countries.

Through its CloudSIM platform, uCloudlink dynamically switches between multiple mobile network operators to optimize coverage and data speeds while controlling costs.