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

Satellogic Inc. (NASDAQ:SATLW) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 24,840 shares, a decline 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 presently 0.4 days. Based on an average daily volume of 58,406 shares, the days-to-cover ratio is presently 0.4 days.

Satellogic Trading Down 11.2%

NASDAQ SATLW opened at $0.34 on Friday. Satellogic has a 12 month low of $0.08 and a 12 month high of $0.92. The company’s fifty day moving average price is $0.19 and its two-hundred day moving average price is $0.33.

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.