Satellogic Inc. (NASDAQ:SATL) Short Interest Down 50.8% in February

Satellogic Inc. (NASDAQ:SATL) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 305,500 shares, a decline of 50.8% from the February 13th total of 621,400 shares. Based on an average daily trading volume, of 1,170,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.8% of the company’s shares are short sold.

Satellogic Trading Up 6.2 %

Shares of SATL stock traded up $0.21 on Friday, hitting $3.58. The company had a trading volume of 499,522 shares, compared to its average volume of 378,137. Satellogic has a twelve month low of $0.72 and a twelve month high of $5.49. The stock’s 50-day moving average is $3.26 and its two-hundred day moving average is $2.22.

Institutional Trading of Satellogic

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of Satellogic in the 4th quarter worth approximately $96,000. Insigneo Advisory Services LLC acquired a new position in Satellogic in the fourth quarter valued at $197,000. Liberty 77 Capital L.P. bought a new stake in Satellogic during the fourth quarter valued at $57,000,000. Finally, Virtu Financial LLC acquired a new stake in Satellogic during the 4th quarter worth about $68,000. 17.58% of the stock is currently owned by institutional investors.

About Satellogic

Satellogic Inc operates as an integrated geospatial company in the Asia Pacific, North America, and internationally. It engages in tasking satellites with monitoring assets and keeping up with their changing reality for government and commercial customers; control satellites on top of specific areas of interest for governments; and sale and support satellites.