Short Interest in Satellogic Inc. (NASDAQ:SATLW) Drops By 53.5%

Satellogic Inc. (NASDAQ:SATLW) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 2,099 shares, a decrease of 53.5% from the August 15th total of 4,510 shares. Based on an average daily trading volume, of 4,340 shares, the days-to-cover ratio is currently 0.5 days.

Satellogic Stock Down 8.9%

Shares of SATLW traded down $0.04 during midday trading on Tuesday, reaching $0.46. The company had a trading volume of 72,484 shares, compared to its average volume of 66,438. Satellogic has a 1-year low of $0.08 and a 1-year high of $5.00. The firm has a 50 day simple moving average of $0.61 and a 200-day simple moving average of $1.30.

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.