uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Stock Short Interest Report for October

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 75,955 shares, a decrease of 48.9% from the September 30th total of 148,623 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 331,421 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

UCL has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of uCloudlink Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 24th. Zacks Research raised uCloudlink Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

uCloudlink Group Stock Down 3.9%

NASDAQ:UCL opened at $0.20 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.46 and a current ratio of 1.58. The firm has a market cap of $7.71 million, a P/E ratio of -20.24 and a beta of 4.08. uCloudlink Group has a fifty-two week low of $0.19 and a fifty-two week high of $2.63. The firm has a 50-day simple moving average of $0.32 and a two-hundred day simple moving average of $1.00.

uCloudlink Group (NASDAQ:UCL) last issued its earnings results on Tuesday, August 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). uCloudlink Group had a negative return on equity of 0.88% and a negative net margin of 0.31%. The firm had revenue of $18.23 million during the quarter, compared to the consensus estimate of $20.00 million. Analysts predict that uCloudlink Group will post -0.22 earnings per share for the current fiscal year.

uCloudlink Group Company Profile

uCloudlink Group Inc is a technology company that provides mobile connectivity services through its cloudSIM architecture. The company operates primarily under the GlocalMe brand, using cloud-based SIM technology to enable users to access mobile data networks without relying on a traditional physical SIM card or a single wireless carrier.

Its products and services include portable Wi-Fi hotspots, mobile broadband solutions, and connectivity offerings for travelers, businesses, and Internet of Things applications.