Satellogic Inc. (NASDAQ:SATLW) Short Interest Down 91.2% in January

Satellogic Inc. (NASDAQ:SATLW) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,301 shares, a drop of 91.2% from the December 31st total of 14,864 shares. Based on an average daily trading volume, of 98,782 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 98,782 shares, the days-to-cover ratio is presently 0.0 days.

Satellogic Trading Down 9.2%

SATLW stock traded down $0.14 on Thursday, reaching $1.39. 146,188 shares of the company’s stock were exchanged, compared to its average volume of 131,278. The stock has a fifty day moving average of $0.40 and a 200-day moving average of $0.36. Satellogic has a twelve month low of $0.08 and a twelve month high of $1.96.

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.