Satellogic Inc. (NASDAQ:SATL) Short Interest Up 33.3% in January

Satellogic Inc. (NASDAQ:SATL) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 12,231,080 shares, an increase of 33.3% from the January 15th total of 9,172,164 shares. Based on an average daily volume of 18,331,384 shares, the short-interest ratio is presently 0.7 days. Approximately 18.7% of the company’s stock are sold short. Approximately 18.7% of the company’s stock are sold short. Based on an average daily volume of 18,331,384 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Satellogic in a research note on Thursday, January 22nd. Craig Hallum started coverage on Satellogic in a research report on Wednesday, January 21st. They set a “buy” rating and a $5.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.00.

Satellogic Stock Up 10.2%

SATL stock traded up $0.29 during mid-day trading on Friday, reaching $3.14. 5,905,674 shares of the company traded hands, compared to its average volume of 13,612,814. The firm’s 50 day moving average price is $3.01 and its 200 day moving average price is $2.91. The stock has a market cap of $425.38 million, a price-to-earnings ratio of -13.08 and a beta of 1.39. Satellogic has a fifty-two week low of $1.25 and a fifty-two week high of $5.93.

Insider Buying and Selling at Satellogic

In other news, major shareholder Fitzgerald L. P. Cantor sold 388,827 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $5.63, for a total transaction of $2,189,096.01. Following the transaction, the insider owned 12,862,075 shares of the company’s stock, valued at $72,413,482.25. This represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 524,373 shares of company stock worth $2,942,676 in the last quarter. 51.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Satellogic

A number of institutional investors and hedge funds have recently bought and sold shares of SATL. Penserra Capital Management LLC bought a new position in Satellogic during the 2nd quarter valued at $380,000. Halter Ferguson Financial Inc. purchased a new stake in shares of Satellogic in the third quarter valued at about $1,276,000. Squarepoint Ops LLC bought a new position in shares of Satellogic during the third quarter valued at about $33,000. GSA Capital Partners LLP purchased a new position in Satellogic during the third quarter worth about $59,000. Finally, LMR Partners LLP bought a new stake in Satellogic in the 2nd quarter worth about $30,000. 17.58% of the stock is owned by hedge funds and other institutional investors.

Satellogic Company Profile

Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low‐Earth‐orbit (LEO) microsatellite constellation. The company’s satellites capture high‐resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic’s vertically integrated model covers end‐to‐end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.

Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth’s surface.