Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 14,864 shares, a decline of 40.2% from the December 15th total of 24,840 shares. Based on an average trading volume of 19,837 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 19,837 shares, the days-to-cover ratio is currently 0.7 days.
Satellogic Stock Performance
Shares of SATLW opened at $0.60 on Friday. Satellogic has a twelve month low of $0.08 and a twelve month high of $0.92. The company has a 50 day moving average of $0.26 and a two-hundred day moving average of $0.33.
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.
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