Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,099 shares, a decline 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 Performance
Shares of SATLW stock opened at $0.44 on Monday. The firm has a fifty day moving average of $0.62 and a 200-day moving average of $1.30. 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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