uCloudlink Group Inc. (NASDAQ:UCL) saw a significant growth in short interest during the month of May. As of May 28th, there was short interest totalling 4,900 shares, a growth of 4,800.0% from the May 13th total of 100 shares. Based on an average trading volume of 21,900 shares, the short-interest ratio is presently 0.2 days.
An institutional investor recently bought a new position in uCloudlink Group stock. Citadel Advisors LLC purchased a new position in shares of uCloudlink Group Inc. (NASDAQ:UCL) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,512 shares of the company’s stock, valued at approximately $301,000. Citadel Advisors LLC owned about 0.10% of uCloudlink Group at the end of the most recent reporting period. Institutional investors own 0.14% of the company’s stock.
NASDAQ UCL traded up $0.04 during trading hours on Friday, reaching $10.99. 8,369 shares of the company’s stock were exchanged, compared to its average volume of 24,268. The business’s fifty day simple moving average is $11.10. uCloudlink Group has a one year low of $8.56 and a one year high of $18.32. The company has a market cap of $310.06 million and a PE ratio of -4.34.
uCloudlink Group Company Profile
uCloudlink Group Inc operates as a mobile data traffic sharing marketplace in the telecommunications industry. It 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 (MVNOs), mobile network operators (MNOs), and portable Wi-Fi terminal rental companies.
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