Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 4,281 shares, a decline of 48.7% from the June 15th total of 8,344 shares. Based on an average daily volume of 26,770 shares, the days-to-cover ratio is currently 0.2 days.
Satellogic Stock Up 4.8%
SATLW traded up $0.02 on Friday, reaching $0.43. 21,337 shares of the company’s stock were exchanged, compared to its average volume of 81,919. Satellogic has a twelve month low of $0.08 and a twelve month high of $5.00. The company’s 50 day moving average is $1.97 and its 200-day moving average is $1.35.
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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