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

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 75,955 shares, a decline 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 shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UCL shares. Weiss Ratings downgraded shares of uCloudlink Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 24th. Zacks Research upgraded shares of uCloudlink Group from a “strong sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

uCloudlink Group Trading Down 3.9%

uCloudlink Group stock opened at $0.20 on Friday. The business has a 50-day simple moving average of $0.32 and a two-hundred day simple moving average of $1.00. The company has a market cap of $7.71 million, a P/E ratio of -20.24 and a beta of 4.08. uCloudlink Group has a 52-week low of $0.19 and a 52-week high of $2.63. The company has a quick ratio of 1.46, a current ratio of 1.58 and a debt-to-equity ratio of 0.07.

uCloudlink Group (NASDAQ:UCL) last issued its quarterly earnings data on Tuesday, August 18th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). uCloudlink Group had a negative return on equity of 0.88% and a negative net margin of 0.31%. The business had revenue of $18.23 million during the quarter, compared to the consensus estimate of $20.00 million. Analysts predict that uCloudlink Group will post -0.22 EPS for the current 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.