uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Short Interest Down 52.0% in January

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,412 shares, a decrease of 52.0% from the December 31st total of 5,023 shares. Based on an average trading volume of 13,197 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 13,197 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of uCloudlink Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, uCloudlink Group presently has a consensus rating of “Sell”.

uCloudlink Group Stock Up 2.0%

Shares of uCloudlink Group stock traded up $0.03 during trading hours on Friday, reaching $1.59. 3,151 shares of the company were exchanged, compared to its average volume of 10,901. The firm has a market cap of $60.14 million, a PE ratio of 7.96 and a beta of 4.62. The stock’s fifty day moving average is $1.82 and its 200 day moving average is $2.33. uCloudlink Group has a 1 year low of $0.80 and a 1 year high of $4.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.68.

uCloudlink Group (NASDAQ:UCL) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.22. uCloudlink Group had a return on equity of 32.40% and a net margin of 9.23%.The company had revenue of $21.15 million for the quarter, compared to the consensus estimate of $22.10 million. As a group, equities research analysts forecast that uCloudlink Group will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On uCloudlink Group

A hedge fund recently bought a new stake in uCloudlink Group stock. Susquehanna International Group LLP bought a new stake in uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,099 shares of the company’s stock, valued at approximately $48,000. Susquehanna International Group LLP owned about 0.06% of uCloudlink Group at the end of the most recent reporting period. Hedge funds and other 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.