uCloudlink Group Inc. (NASDAQ:UCL) Short Interest Down 49.8% in January

uCloudlink Group Inc. (NASDAQ:UCL) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 59,400 shares, a decline of 49.8% from the December 31st total of 118,400 shares. Based on an average daily volume of 223,000 shares, the short-interest ratio is presently 0.3 days.

uCloudlink Group Price Performance

NASDAQ UCL traded down $0.02 during trading hours on Friday, reaching $1.34. The company’s stock had a trading volume of 13,120 shares, compared to its average volume of 189,258. The firm has a market capitalization of $50.15 million, a price-to-earnings ratio of 12.09 and a beta of 4.19. The company’s 50-day moving average is $1.56 and its two-hundred day moving average is $1.41. uCloudlink Group has a 1-year low of $0.97 and a 1-year high of $3.30.

uCloudlink Group (NASDAQ:UCL) last announced its earnings results on Tuesday, November 26th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. uCloudlink Group had a return on equity of 22.48% and a net margin of 4.84%. During the same quarter last year, the business posted $0.01 EPS. Equities analysts forecast that uCloudlink Group will post 0.1 EPS for the current fiscal 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.