Satellogic Inc. (NASDAQ:SATLW) Short Interest Down 43.9% in May

Satellogic Inc. (NASDAQ:SATLW) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 1,893 shares, a drop of 43.9% from the May 14th total of 3,376 shares. Based on an average trading volume of 40,699 shares, the short-interest ratio is presently 0.0 days.

Satellogic Stock Down 11.6%

Shares of NASDAQ SATLW traded down $0.21 during mid-day trading on Tuesday, hitting $1.59. The company had a trading volume of 470 shares, compared to its average volume of 90,165. Satellogic has a 1-year low of $0.08 and a 1-year high of $5.00. The business’s 50-day simple moving average is $2.25 and its 200 day simple moving average is $1.22.

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.