Satellogic Inc. (NASDAQ:SATLW) Sees Large Drop in Short Interest

Satellogic Inc. (NASDAQ:SATLW) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 4,510 shares, a decrease of 61.6% from the July 30th total of 11,759 shares. Based on an average daily volume of 28,006 shares, the short-interest ratio is currently 0.2 days.

Satellogic Price Performance

Shares of Satellogic stock traded down $0.14 during mid-day trading on Friday, hitting $0.58. 1,567 shares of the stock were exchanged, compared to its average volume of 69,877. Satellogic has a twelve month low of $0.08 and a twelve month high of $5.00. The company has a 50-day simple moving average of $0.73 and a 200 day simple moving average of $1.32.

About Satellogic

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.