Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 5,384 shares, a growth of 595.6% from the April 15th total of 774 shares. Based on an average trading volume of 58,742 shares, the short-interest ratio is presently 0.1 days.
Satellogic Stock Performance
Shares of NASDAQ:SATLW traded up $0.23 during trading on Thursday, reaching $2.21. 17,983 shares of the company traded hands, compared to its average volume of 98,192. Satellogic has a 52 week low of $0.08 and a 52 week high of $2.69. The company’s 50 day moving average is $1.35 and its two-hundred day moving average is $0.78.
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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