Satellogic Inc. (NASDAQ:SATLW) Short Interest Up 595.6% in April

Satellogic Inc. (NASDAQ:SATLW) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,384 shares, an increase of 595.6% from the April 15th total of 774 shares. Based on an average trading volume of 58,742 shares, the days-to-cover ratio is currently 0.1 days.

Satellogic Trading Down 28.5%

SATLW traded down $0.74 during trading hours on Tuesday, hitting $1.86. The stock had a trading volume of 85,741 shares, compared to its average volume of 98,508. Satellogic has a 1 year low of $0.08 and a 1 year high of $2.69. The company’s fifty day simple moving average is $1.28 and its 200 day simple moving average is $0.75.

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.