Satellogic Inc. (NASDAQ:SATLW – Get Free Report) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 4,510 shares, a drop of 61.6% from the July 30th total of 11,759 shares. Based on an average daily volume of 28,006 shares, the days-to-cover ratio is currently 0.2 days.
Satellogic Trading Down 16.7%
SATLW stock traded down $0.12 during trading hours on Friday, hitting $0.60. 967 shares of the stock traded hands, compared to its average volume of 69,873. The stock has a 50-day simple moving average of $0.75 and a 200 day simple moving average of $1.33. Satellogic has a one year low of $0.08 and a one year 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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