Satellogic Inc. (NASDAQ:SATLW – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 8,344 shares, a growth of 340.8% from the May 31st total of 1,893 shares. Based on an average trading volume of 46,066 shares, the short-interest ratio is presently 0.2 days.
Satellogic Trading Up 6.0%
Shares of NASDAQ:SATLW traded up $0.05 during midday trading on Friday, hitting $0.83. The company’s stock had a trading volume of 40,466 shares, compared to its average volume of 86,028. The stock’s 50 day simple moving average is $2.16 and its 200 day simple moving average is $1.28. Satellogic has a fifty-two week low of $0.08 and a fifty-two week high of $5.00.
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.
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