uCloudlink Group Inc. (NASDAQ:UCL) Short Interest Update

uCloudlink Group Inc. (NASDAQ:UCL) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 42,200 shares, an increase of 455.3% from the March 31st total of 7,600 shares. Based on an average trading volume of 41,400 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered uCloudlink Group from a “c-” rating to a “d+” rating in a report on Tuesday, January 9th.

uCloudlink Group Trading Down 2.8 %

Shares of uCloudlink Group stock opened at $1.37 on Friday. uCloudlink Group has a 12 month low of $1.17 and a 12 month high of $4.78. The stock’s fifty day moving average price is $1.54 and its 200-day moving average price is $1.76. The firm has a market cap of $51.31 million, a P/E ratio of 17.13 and a beta of 4.50.

uCloudlink Group (NASDAQ:UCL) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.10). The business had revenue of $21.73 million during the quarter, compared to the consensus estimate of $23.58 million. uCloudlink Group had a return on equity of 18.58% and a net margin of 3.28%. Analysts forecast that uCloudlink Group will post 0.11 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.