uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) Short Interest Up 123.9% in February

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) saw a large increase in short interest in 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 shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,837 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On uCloudlink Group

An institutional investor recently bought a new position in uCloudlink Group stock. Citadel Advisors LLC bought a new stake in 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 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 85.54% of the company’s stock.

uCloudlink Group Price Performance

Shares of UCL opened at $1.68 on Friday. The company’s 50-day moving average price is $1.70 and its 200 day moving average price is $2.20. uCloudlink Group has a 12-month low of $0.80 and a 12-month high of $4.19. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The firm has a market cap of $63.50 million, a P/E ratio of 8.40 and a beta of 4.62.

Analysts Set New Price Targets

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

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.