Short Interest in uCloudlink Group Inc. (NASDAQ:UCL) Rises By 3,015.8%

uCloudlink Group Inc. (NASDAQ:UCL) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 118,400 shares, a growth of 3,015.8% from the December 15th total of 3,800 shares. Based on an average daily volume of 196,300 shares, the days-to-cover ratio is presently 0.6 days.

uCloudlink Group Stock Performance

Shares of UCL opened at $1.30 on Tuesday. uCloudlink Group has a 52 week low of $0.97 and a 52 week high of $3.30. The firm has a market capitalization of $48.68 million, a price-to-earnings ratio of 11.82 and a beta of 4.19. The business’s fifty day moving average price is $1.49 and its two-hundred day moving average price is $1.43.

uCloudlink Group (NASDAQ:UCL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the company posted $0.01 earnings per share. As a group, research analysts forecast 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.