Satellogic Inc. (NASDAQ:SATLW) Sees Large Decline in Short Interest

Satellogic Inc. (NASDAQ:SATLW) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 774 shares, a decrease of 83.9% from the March 31st total of 4,802 shares. Based on an average daily trading volume, of 203,189 shares, the days-to-cover ratio is currently 0.0 days.

Satellogic Price Performance

SATLW stock opened at $1.25 on Friday. The firm has a 50-day simple moving average of $1.13 and a two-hundred day simple moving average of $0.67. Satellogic has a one year low of $0.08 and a one year high of $2.40.

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.