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

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 4,304 shares, an increase of 123.9% from the January 29th total of 1,922 shares. Based on an average daily trading volume, of 4,837 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 4,837 shares, the short-interest ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

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

uCloudlink Group Stock Performance

Shares of UCL opened at $1.68 on Friday. The stock has a 50-day simple moving average of $1.70 and a 200-day simple moving average of $2.20. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.68. The stock has a market capitalization of $63.50 million, a PE ratio of 8.40 and a beta of 4.62. uCloudlink Group has a 1 year low of $0.80 and a 1 year high of $4.19.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in uCloudlink Group stock. Citadel Advisors LLC purchased 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 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 approximately 0.18% of uCloudlink Group as of its most recent SEC filing. 85.54% of the stock is owned by institutional investors.

uCloudlink Group Company Profile

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.