Satellogic Inc. (NASDAQ:SATLW – Get Free Report) saw a large 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 daily trading volume, of 46,066 shares, the short-interest ratio is presently 0.2 days.
Satellogic Stock Performance
Shares of SATLW opened at $0.83 on Monday. The business has a fifty day moving average of $2.16 and a 200 day moving average of $1.29. Satellogic has a 52-week low of $0.08 and a 52-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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