Short Interest in Satellogic Inc. (NASDAQ:SATLW) Declines By 37.3%

Satellogic Inc. (NASDAQ:SATLW) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,376 shares, a decline of 37.3% from the April 30th total of 5,384 shares. Based on an average daily trading volume, of 82,891 shares, the days-to-cover ratio is presently 0.0 days.

Satellogic Stock Performance

Shares of NASDAQ:SATLW opened at $2.94 on Wednesday. Satellogic has a twelve month low of $0.08 and a twelve month high of $5.00. The firm has a 50 day simple moving average of $2.09 and a 200-day simple moving average of $1.08.

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.