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

Satellogic Inc. (NASDAQ:SATLW) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 1,301 shares, a decline of 91.2% from the December 31st total of 14,864 shares. Based on an average daily volume of 98,782 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 98,782 shares, the days-to-cover ratio is currently 0.0 days.

Satellogic Price Performance

Satellogic stock traded up $0.35 during trading on Tuesday, hitting $1.36. The stock had a trading volume of 192,308 shares, compared to its average volume of 129,077. The stock’s 50 day moving average is $0.37 and its two-hundred day moving average is $0.35. Satellogic has a 1 year low of $0.08 and a 1 year high of $1.51.

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.