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

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

Wall Street Analysts Forecast Growth

UCL has been the topic of a number of recent research reports. Weiss Ratings lowered 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 shares of uCloudlink Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

uCloudlink Group Stock Down 3.9%

Shares of NASDAQ:UCL traded down $0.01 during trading on Friday, hitting $0.20. The company’s stock had a trading volume of 64,485 shares, compared to its average volume of 201,886. uCloudlink Group has a fifty-two week low of $0.19 and a fifty-two week high of $2.63. The business has a 50 day moving average price of $0.32 and a two-hundred day moving average price of $1.00. 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 company has a market capitalization of $7.71 million, a PE ratio of -20.24 and a beta of 4.08.

uCloudlink Group (NASDAQ:UCL) last announced its quarterly earnings data 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 net margin of 0.31% and a negative return on equity of 0.88%. The company had revenue of $18.23 million during the quarter, compared to analyst estimates of $20.00 million. As a group, research analysts expect that uCloudlink Group will post -0.22 EPS for the current fiscal year.

About uCloudlink Group

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.