Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 8,344 shares, a growth of 340.8% from the May 31st total of 1,893 shares. Based on an average daily volume of 46,066 shares, the days-to-cover ratio is currently 0.2 days.
Satellogic Trading Up 6.0%
SATLW stock traded up $0.05 during midday trading on Friday, hitting $0.83. 40,466 shares of the company traded hands, compared to its average volume of 86,028. Satellogic has a twelve month low of $0.08 and a twelve month high of $5.00. The business has a 50 day simple moving average of $2.16 and a 200-day simple moving average of $1.28.
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.
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