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

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,922 shares, a drop of 20.3% from the January 15th total of 2,412 shares. Based on an average daily volume of 9,619 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 9,619 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded uCloudlink Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On uCloudlink Group

A hedge fund recently bought a new stake in uCloudlink Group stock. Citadel Advisors LLC bought a new position in shares of uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,311 shares of the company’s stock, valued at approximately $148,000. Citadel Advisors LLC owned about 0.18% of uCloudlink Group as of its most recent SEC filing. Institutional investors and hedge funds own 85.54% of the company’s stock.

uCloudlink Group Stock Performance

NASDAQ UCL opened at $1.65 on Friday. The company’s 50 day moving average is $1.74 and its 200-day moving average is $2.27. uCloudlink Group has a 12-month low of $0.80 and a 12-month high of $4.19. The firm has a market cap of $62.29 million, a P/E ratio of 8.24 and a beta of 4.62. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.03.

uCloudlink Group (NASDAQ:UCL) last issued its earnings results on Wednesday, November 12th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.02 by $0.22. The company had revenue of $21.15 million for the quarter, compared to the consensus estimate of $22.10 million. uCloudlink Group had a net margin of 9.23% and a return on equity of 32.40%. Sell-side analysts predict that uCloudlink Group will post 0.1 earnings per share for the current year.

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.