Satellogic Inc. (NASDAQ:SATLW) Sees Significant Increase in Short Interest

Satellogic Inc. (NASDAQ:SATLW) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 2,541 shares, a growth of 95.3% from the January 15th total of 1,301 shares. Based on an average daily trading volume, of 156,768 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 156,768 shares, the short-interest ratio is presently 0.0 days.

Satellogic Stock Down 1.6%

Shares of SATLW opened at $0.78 on Friday. The stock has a 50 day moving average of $0.62 and a 200 day moving average of $0.41. Satellogic has a 12 month low of $0.08 and a 12 month high of $1.96.

Satellogic Company Profile

Satellogic is a New York–listed geospatial analytics company specializing in the design, manufacture and operation of Earth observation satellites. Leveraging a proprietary high-resolution imaging platform, the company provides frequent revisit imagery and analytics to support applications in agriculture, forestry, infrastructure monitoring, and defense. Satellogic’s vertically integrated approach encompasses satellite development, ground station operations and data processing to deliver actionable insights to commercial and government clients.

Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic has pursued an ambitious plan to build a large constellation of small, cost-effective satellites.