uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Short Interest Up 185.3% in April

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 11,328 shares, a growth of 185.3% from the April 15th total of 3,970 shares. Based on an average trading volume of 11,095 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the company’s shares are short sold.

uCloudlink Group Price Performance

Shares of UCL opened at $1.05 on Friday. uCloudlink Group has a 1 year low of $1.01 and a 1 year high of $4.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.55. The company has a market capitalization of $39.96 million, a price-to-earnings ratio of 11.67 and a beta of 4.25. The business has a 50-day moving average of $1.37 and a 200-day moving average of $1.69.

uCloudlink Group (NASDAQ:UCL) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). The company had revenue of $16.86 million for the quarter, compared to the consensus estimate of $16.00 million. uCloudlink Group had a return on equity of 12.37% and a net margin of 4.30%. As a group, equities research analysts anticipate that uCloudlink Group will post 0.07 earnings per share for the current year.

Hedge Funds Weigh In On uCloudlink Group

An institutional investor recently bought a new position in uCloudlink Group stock. Susquehanna International Group LLP purchased 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 & Exchange Commission. The fund purchased 22,099 shares of the company’s stock, valued at approximately $48,000. Susquehanna International Group LLP owned 0.06% of uCloudlink Group as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 85.54% of the company’s stock.

uCloudlink Group Company Profile

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.