Short Interest in Satellogic Inc. (NASDAQ:SATL) Expands By 84.9%

Satellogic Inc. (NASDAQ:SATL) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 318,500 shares, an increase of 84.9% from the November 15th total of 172,300 shares. Based on an average trading volume of 467,000 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Ground Swell Capital LLC bought a new stake in shares of Satellogic during the second quarter worth about $26,000. MSA Advisors LLC acquired a new position in Satellogic during the 2nd quarter valued at about $27,000. Finally, Joel Isaacson & Co. LLC bought a new stake in Satellogic during the 3rd quarter worth approximately $27,000. 17.58% of the stock is owned by institutional investors.

Satellogic Price Performance

Shares of SATL traded down $0.49 during trading hours on Thursday, reaching $3.49. The stock had a trading volume of 892,987 shares, compared to its average volume of 174,130. The firm has a 50-day simple moving average of $1.43 and a 200 day simple moving average of $1.19. Satellogic has a 12 month low of $0.72 and a 12 month high of $5.49.

About Satellogic

Satellogic Inc operates as an integrated geospatial company in the Asia Pacific, North America, and internationally. It engages in tasking satellites with monitoring assets and keeping up with their changing reality for government and commercial customers; control satellites on top of specific areas of interest for governments; and sale and support satellites.