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

uCloudlink Group Inc. (NASDAQ:UCL) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 41,300 shares, a decrease of 51.2% from the February 28th total of 84,700 shares. Based on an average daily trading volume, of 246,200 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

uCloudlink Group Stock Up 0.8 %

Shares of NASDAQ:UCL opened at $1.24 on Friday. uCloudlink Group has a fifty-two week low of $0.97 and a fifty-two week high of $3.30. The firm’s 50 day moving average price is $1.30 and its 200 day moving average price is $1.35. The stock has a market cap of $46.44 million, a price-to-earnings ratio of 11.27 and a beta of 4.13.

uCloudlink Group (NASDAQ:UCL) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $25.96 million for the quarter, compared to analyst estimates of $25.15 million. uCloudlink Group had a net margin of 4.84% and a return on equity of 22.48%. On average, equities analysts anticipate that uCloudlink Group will post 0.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in uCloudlink Group in the fourth quarter valued at approximately $26,000. Two Sigma Securities LLC purchased a new position in shares of uCloudlink Group in the 4th quarter valued at $38,000. Finally, Renaissance Technologies LLC raised its stake in uCloudlink Group by 77.3% during the 4th quarter. Renaissance Technologies LLC now owns 54,805 shares of the company’s stock worth $115,000 after acquiring an additional 23,900 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.