Satellogic Inc. (NASDAQ:SATLW) Short Interest Up 135.2% in February

Satellogic Inc. (NASDAQ:SATLW) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 6,226 shares, a growth of 135.2% from the February 12th total of 2,647 shares. Based on an average daily trading volume, of 22,376 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 22,376 shares, the days-to-cover ratio is presently 0.3 days.

Satellogic Stock Up 1.5%

SATLW opened at $0.55 on Thursday. Satellogic has a 52 week low of $0.08 and a 52 week high of $1.96. The business’s 50 day moving average is $0.77 and its two-hundred day moving average is $0.45.

About Satellogic

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.