Satellogic Inc. (NASDAQ:SATLW) Short Interest Update

Satellogic Inc. (NASDAQ:SATLW) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 24,840 shares, a drop of 46.7% from the November 30th total of 46,617 shares. Based on an average daily volume of 58,406 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 58,406 shares, the days-to-cover ratio is currently 0.4 days.

Satellogic Stock Performance

Shares of SATLW traded down $0.03 during mid-day trading on Monday, hitting $0.31. 12,696 shares of the company traded hands, compared to its average volume of 26,076. The business has a 50 day moving average of $0.19 and a 200 day moving average of $0.33. Satellogic has a 1-year low of $0.08 and a 1-year high of $0.92.

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.