uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Sees Large Increase in Short Interest

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 8,121 shares, a growth of 77.9% from the June 30th total of 4,566 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 6,961 shares, the short-interest ratio is currently 1.2 days.

uCloudlink Group Stock Up 4.7%

UCL stock opened at $0.92 on Thursday. The stock has a market cap of $35.05 million, a PE ratio of 10.23 and a beta of 4.15. The firm’s 50-day simple moving average is $0.97 and its 200 day simple moving average is $1.29. uCloudlink Group has a fifty-two week low of $0.78 and a fifty-two week high of $4.19. The company has a quick ratio of 1.52, a current ratio of 1.65 and a debt-to-equity ratio of 0.06.

uCloudlink Group (NASDAQ:UCL) last posted its earnings results on Wednesday, May 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). uCloudlink Group had a net margin of 4.30% and a return on equity of 12.59%. The firm had revenue of $16.86 million for the quarter, compared to analyst estimates of $16.00 million. As a group, sell-side analysts predict that uCloudlink Group will post -0.01 EPS for the current year.

Institutional Trading of uCloudlink Group

A hedge fund recently bought a new position in uCloudlink Group stock. Citadel Advisors LLC purchased a new position in shares of uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 68,311 shares of the company’s stock, valued at approximately $148,000. Citadel Advisors LLC owned 0.18% of uCloudlink Group as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 85.54% of the company’s stock.

About uCloudlink Group

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.