uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Short Interest Down 63.7% in June

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,566 shares, a decrease of 63.7% from the June 15th total of 12,595 shares. Based on an average daily trading volume, of 8,799 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

uCloudlink Group Stock Up 2.7%

Shares of NASDAQ UCL opened at $0.96 on Tuesday. The stock has a market capitalization of $36.53 million, a P/E ratio of 10.67 and a beta of 4.15. The company has a 50-day moving average price of $1.02 and a 200-day moving average price of $1.37. uCloudlink Group has a 1 year low of $0.88 and a 1 year high of $4.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.52.

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

Hedge Funds Weigh In On uCloudlink Group

A hedge fund recently bought a new position in uCloudlink Group stock. Citadel Advisors LLC bought a new position in uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 68,311 shares of the company’s stock, valued at approximately $148,000. Citadel Advisors LLC owned approximately 0.18% of uCloudlink Group at the end of the most recent reporting period. 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.