uCloudlink Group Inc. (NASDAQ:UCL – Get Free Report) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 118,400 shares, an increase of 3,015.8% from the December 15th total of 3,800 shares. Based on an average daily trading volume, of 196,300 shares, the short-interest ratio is currently 0.6 days.
uCloudlink Group Price Performance
NASDAQ UCL opened at $1.30 on Tuesday. uCloudlink Group has a one year low of $0.97 and a one year high of $3.30. The firm has a market cap of $48.68 million, a P/E ratio of 11.82 and a beta of 4.19. The stock’s 50-day moving average is $1.49 and its 200-day moving average is $1.43.
uCloudlink Group (NASDAQ:UCL – Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. uCloudlink Group had a net margin of 4.84% and a return on equity of 22.48%. During the same period last year, the company earned $0.01 EPS. Equities analysts anticipate that uCloudlink Group will post 0.01 EPS for the current year.
About uCloudlink Group
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.
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